JSW to set up its steel plant in land acquired for Posco in Odisha

JSW plans to invest over Rs 1 lakh cr in Odisha

Bhubaneswar: JSW Group’s chairman, Sajjan Jindal on Monday said the company has plans to invest over one lakh crore rupees in Odisha in next 10 years.   

This was revealed during a meeting of Chief Minister Naveen Patnaik with Sajjan Jindal through Video Conference on Monday.

The Integrated Steel Plant Project of JSW with a capacity of 13.2 MTPA at Jatadhar in Odisha’s Jagatsinghpur district will come up soon.  

The state government has allocated land, water and power for the project. The project is being fast paced to commission at the earliest, said a release from CMO.

During the discussion, the Chief Minister stressed on maximum value addition of resources within the state for accelerating job creation and revenue generation.

As the Chief Minister sought to know about the projects of JSW in Odisha, Jindal said that the JSW is fully committed to all its projects in the state.  

Jindal expressed his satisfaction on the support of the state government in providing all the necessary support for its various industrial projects.

He said that JSW is tying up with IIM Sambalpur to create “JSW Centre for Development Studies for Odisha.”   

JSW Steel will also establish a 100 bedded hospital and a school at Koida in Sundergarh district in PPP mode with an objective to develop mining areas for the benefits of the local people. 

With the full support of the state government, this development project will be established soon.