HomeSteel & CommoditiesJSW to invest Rs. 65k Crs. in Odisha

JSW to invest Rs. 65k Crs. in Odisha

Published on

JSW Group is planning to establish an integrated steel plant, power plant, port facility, and cement plant in Jagatsinghpur, Odisha, with an investment of Rs 65,000 crore.

The steel plant is expected to have the capacity to generate around 13.2 million tonnes of steel per annum and is expected to grow about 30,000 jobs. The port and jetty project will handle 52 million tons of cargo per annum. 

The cement plant will be able to produce 10 million tons while an iron ore slurry transportation system will have the capacity to transport 30 million tons per annum.

The integrated green steel project by JSW Steel is expected to drive economic growth in the region by fostering a robust ancillary and downstream ecosystem with employment potential of approx. 30,000 direct and indirect jobs.

The Industrial Development Corporation of Odisha [IDCO] has handed over to JSW for setting up the Mfg. unit. 

The Industrial Development Corporation of Odisha [IDCO] has handed over 2,958 acres of land to JSW for setting up the integrated manufacturing facility with 30 percent of the total project land to be dedicated to the preservation of forest and water bodies.

spot_img

Latest articles

GoAP to leverage UK’s expertise in making Amaravati a truly global city

MoU to work on technical cooperation, knowledge exchange, capacity building and investment opportunities The Government...

U.S. Ambassador Hosts High-Level Biz Meeting in Hyd.

U.S. Ambassador to India Mr Sergio Gor along with U.S. Consul General Ms Laura Williams yesterday convened a...

Skill, Perseverance keys for success: Minister Pemmasani

Union Minister of State for Rural Development and Communications Dr. Pemmasani Chandrasekhar has called upon students...

World Bank officials meet GVMC Commissioner

In view of the development of the Visakhapatnam Economic Region, World Bank representatives Mr. Jones, Mr....