City
Epaper

JSW plans to invest Rs 1 lakh cr in Odisha in 10 years

By IANS | Updated: August 24, 2020 21:06 IST

Bhubaneswar, Aug 24 JSW Chairman Sajjan Jindal on Monday said that the company plans to invest over Rs ...

Open in App

Bhubaneswar, Aug 24 JSW Chairman Sajjan Jindal on Monday said that the company plans to invest over Rs one lakh crore in Odisha in the next 10 years.

He said that the integrated steel plant project of JSW with a capacity of 13.2 MTPA at Jatadhar in Jagatsinghpur district will come up soon.

Jindal held a meeting with Chief Minister Naveen Patnaik through videoconference on Monday to discuss investment plans in the state.

The state has allocated land, water, and power for the steel project. The project is being speeded up, said a release from the Chief Minister's Office.

The Chief Minister stressed the need for maximum value addition to the state's resources within Odisha to accelerate the pace of job creation and revenue generation.

Jindal expressed satisfaction over the state government's support in providing all necessary amenities and services for its various industrial projects.

He said that the JSW is tying up with IIM-Sambalpur to create "JSW Centre for Development Studies for Odisha".

JSW Steel will also set up soon a 100-bed hospital and a school at Koida in Sundergarh district in the PPP mode to benefit the area populace, said the release.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket14-Year-Old Vaibhav Suryavanshi Smashes 35-Ball Century, Becomes Second-Fastest Centurion in IPL History

NationalKerala: Rapper Vedan arrested after ganja seized from his flat

AurangabadAI workshop for civic staff next week

Aurangabad2 luxury cars transferred using fake documents

Other SportsGlobal Indian-Pravasi Kabaddi League: Marathi Vultures, Tamil Lions enter men's final

Business Realted Stories

BusinessAdani Green surpasses $1 bn in EBITDA in FY25, RE capacity up 30 pc to 14.2 GW

BusinessPM Modi to address YUGM innovation conclave tomorrow

BusinessNippon Life India reports nearly 9 pc drop in net profit for Q4

BusinessIndustry veteran Pawan Kumar Goenka conferred with Padma Shri

BusinessNeed to target 1 billion UPI transactions a day in 2-3 years: FM Sitharaman