rediff.com

JSP to Double Angul Plant Capacity by 2024: Naveen Jindal

Share on:

By Rediff Money Desk, Bhubaneswar   Jul 09, 2024 21:40

Jindal Steel & Power (JSP) plans to double the capacity of its Angul plant in Odisha to 12 MTPA by next year, says Chairman Naveen Jindal. The company also aims to build the world's largest steel plant in Angul with a capacity of 25 MTPA in the next six years.
JSP to Double Angul Plant Capacity by 2024: Naveen Jindal
Bhubaneswar, Jul 9 (PTI) Jindal Steel & Power (JSP) is working on the expansion of its Angul facility in Odisha, which will achieve the 12 million tonne per annum capacity from the existing 6 MTPA next year, Chairman Naveen Jindal said on Tuesday.

Jindal was speaking to reporters here, as he led a delegation of the Indian Steel Association, which met new Chief Minister Mohan Charan Majhi.

"JSP is committed to Odisha's industrial and economic development, and it will work in partnership with the government to achieve that goal. In the next six years, we will build the world's largest steel plant in Angul with a capacity of 25 MTPA," he said.

During the meeting, Jindal emphasised on the importance of green energy and sustainable practices in the steel industry, JSP said in a statement.

The delegation also discussed potential opportunities for further expansion of the industry, and manufacturing of special grade steel and green steel, it said.

The steel industry leaders also stressed the need for infrastructure growth and sustainable projects like slurry pipelines to boost the sector in the state.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!