Angul: Jindal Steel and Power Ltd (JSPL) on Saturday commissioned the largest integrated steel plant of Odisha with the commissioning of the country’s largest blast furnace at Angul.
This is the largest steel plant in Odisha with 6 MTPA installed capacity.
Inaugurating the state of the art six million tonnes per annum steel plant, Odisha Chief Minister Naveen Patnaik said it would provide direct employment for around 30,000 people and indirect employment to more than one lakh people.
“As India looks to reach a steel manufacturing capacity of 300 million tonnes by 2030, I am proud to note that more than 20 percent of the country’s steel shall continue to be produced in our state,” said Patnaik.
He said the vision of the state government is to create 30 lakh additional employment opportunities by the year 2025.
While expressing his gratitude to the people of Odisha for their contribution in building this 6 MTPA steel plant at Angul, JSPL chairman Naveen Jindal thanked the state government for its policy initiatives to encourage value addition industries in the state.
“Under the able leadership of Naveen Patnaik, Odisha has got long political stability which has helped the state to take leap forwarding several socio-economic development frontiers. With commissioning of the blast furnace, JSPL will gradually overcome the difficulties and will emerge as one of the most vibrant steel making units in the globe,” said Jindal.
JSPL Chairman Naveen Jindal said the plant was set up at an investment of about Rs 33,000 crore.
He said the commissioning of the plant would enable the company to overcome its loss in the aftermath of the coal block cancellation.
“JSPL would increase substantially with commissioning of the new blast furnace at Angul and the effort would be to make the company debt-free in the next about five years,” he added.
Ravi Uppal, MD & Group CEO of JSPL, said, “JSPL will continue to do its best to join the efforts of the Government in harnessing industry led socio-economic development”.
The Angul steel complex has been established with State of the Art World Class Technology. The company has installed 2 MTPA steelmaking capacity with Coal Gasification – DRI route at its Angul Steel Complex in 2014.
The CGP-DRI is being used for the first time in the world and uses domestic coal. In order to achieve the 6 MTPA Steel Making capacity, the company has built 4554 cubic meter blast furnance, which is largest in India.
The steel complex also has a 4 MTPA Sinter Plant, a 2 MTPA Coke Oven, a 3 MTPA Steel Melting Shop, a 1.2 MTPA Plate Mill that produces plates of 5 meter wide – the widest in India, a 1.4 MTPA Bar Mill, a 1.8 MTPA DRI Plant producing steel and a 810 MW Captive Power Plant.