Key Highlights:
- JSP is exploring possibilities of setting up a steel plant in the Keonjhar District.
- Over the past decade, JSP has invested ₹900 crore in sustainable social initiatives.
Bhubaneswar, 28th January 2024: Jindal Steel and Power (JSP) announced an ambitious plan to invest an additional ₹70,000 crore in Odisha over the coming years, reaffirming its commitment to the state's sustainable industrial growth and community development.
The announcement was made by Mr Naveen Jindal, Chairman of Jindal Steel and Power, during the three-day Utkarsh Odisha 2024 event held in Bhubaneswar, in the presence of Prime Minister Shri Narendra Modi and Odisha's Chief Minister Shri Mohan Charan Majhi. The event celebrated Odisha's pivotal role in India's industrial growth and its emergence as a global development hub.
Quote from Mr Naveen Jindal, Chairman, Jindal Steel and Power:
He said the vision is to make Odisha a global industrial leader while consistently improving quality of life for its people, and that the additional ₹70,000 crore investment will drive industrial growth and uplift thousands of families, contributing to India's journey toward self-reliance. He added that the company is also exploring setting up a steel plant in Keonjhar District to fulfil the vision of Chief Minister Shri Mohan Charan Majhi.
The Utkarsh Odisha event underscored Odisha's strategic importance in India's economic growth, with leaders emphasizing collaboration between public and private sectors to achieve sustainable development.
JSP is already operating India's first coal gasification plant for steel production at Angul, pioneering sustainable practices and reducing dependence on imported coking coal. The Angul Steel Plant, currently at a capacity of 6 MTPA, will double to 12 MTPA this year and is set to reach 25.2 MTPA by 2030 — positioning it as the world's largest and greenest steel plant and a leader in hydrogen-based green steel production.
Beyond its industrial efforts, JSP has made significant contributions to Odisha's community development. Over the past decade, the company has invested ₹900 crore in sustainable social initiatives focusing on healthcare, education, skill development, women empowerment, rural livelihood, sports, art & culture — programs that have transformed countless lives across the state.
About Jindal Steel & Power Limited
JSPL is described as an industrial powerhouse with a strong presence in steel, mining, and infrastructure sectors. With a strategic investment of $12 billion worldwide, JSPL is consistently enhancing its capacity utilization and operational efficiencies, seizing opportunities to contribute to a self-reliant India. As a leading steel manufacturer, JSPL is deeply committed to reducing its carbon footprint and pioneering sustainable practices, setting new benchmarks for responsible industrial growth.
For Media Inquiries, Contact:
Kuldeep Singh Bais — Kuldeep.singh@jindalsteel.com | 9899692981