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

EntertainmentSidharth Malhotra carries mom-to-be Kiara Advani's bag in New York

Other SportsIPL 2025: Cummins' fiery burst floors Delhi Capitals as SRH restrict visitors to 133/7

EntertainmentTiger Shroff channels his inner environmentalist with 'Jahaan- The Last Gift'

NationalMP Police arrest accused for online IPL betting

CricketHyderabad's spirited bowling performance restricts DC batting to 133/7 in 20 overs

Business Realted Stories

BusinessIndia’s 1st mortgage-backed pass-through certificates listed on NSE

BusinessED attaches WTC group’s properties worth Rs 2,348 crore

BusinessSEBI mandates cooling-off period for directors moving between competing market institutions

BusinessIndia making efforts to isolate Pakistan, stop fundings and bailout packages

BusinessIndia aims to lead in AI standardisation, manufacturing: Govt official