Business Companies 29 Apr 2017 JSW likely to set up ...

JSW likely to set up mega steel mill on Posco site

PTI
Published Apr 29, 2017, 12:35 pm IST
Updated Apr 29, 2017, 12:36 pm IST
The company is likely to invest Rs 50,000 crore for the 10 mtpa steel mill and a 900 MW capacity power plant.
Representational Image
 Representational Image

Bhubaneswar: The Sajjan Jindal-led JSW today said it might set up a 10mtpa capacity greenfield steel mill in Odisha, preferably in the location earlier chosen for Posco plant.

JSW chief Sajjan Jindal said this after meeting Odisha Chief Secretary A P Padhi here this evening. "We are interested to set up a 10 mtpa steel mill in Odisha. I discussed the matter with the chief secretary," Jindal told reporters.

 

Asked whether the company was eyeing on the land near Paradip earlier acquired for Posco project, Jindal said: "Posco site is one of the possibilities. We are examining locations in different places including one near Paradip."

Earlier last year, Jindal after a meeting with chief minister at a businees meet in Bangaluru had  expressed his desire to set up a mega steel plant in Odisha. Sources in the state govenrment say that the company is likely to invest Rs 50,000 crore for the 10 mtpa steel mill and a 900 MW capacity power plant.

 

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Location: India, Odisha, Bhubaneswar




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