Jindal (India) gets Odisha govt nod for a Rs 3,600 crore steel project, boosting domestic manufacturing & creating jobs. The plant will produce special coated steel products with a capacity of 9.6 lakh MT annually.
Key Highlights:
Approval Received:
Jindal (India) Ltd has received approval from the Odisha government’s High-Level Clearance Authority (HLCA).Investment Plan:
₹3,600 crore will be invested in the first phase of a greenfield steel project in Odisha.Total Investment:
The company plans to invest a total of ₹15,000 crore in Odisha by 2030, in three phases.What Will Be Manufactured:
Special coated steel products
Cold Rolling Mill (CRM)
Continuous Galvanizing Line (CGL)
Colour Coating Line (CCL)
Capacity: 9.6 lakh MT/year in Phase 1
Commissioning Timeline:
Phase 1 to be ready by 2027
Entire plant capacity to reach 30 lakh MT/year by 2030
Subsidiary Expansion:
Work will also be done by Jindal’s subsidiary JISTL to increase flat product capacity.New Pipe Facility:
A steel pipe plant will also be set up
Estimated capacity: 2 lakh MT/year
Why This Matters:
Reduces reliance on imported steel
Boosts local jobs and industrial growth in Odisha
Strengthens Jindal’s presence in the flat steel and coated steel segments
