Launching an aggressive drive to make the most out of the available biz avenues in the sector, JSW Group has committed a combined investment of Rs 55,000 crore on its portfolio of projects in Odisha — including a 10-million tons integrated steel plant, a port in Jagatsinghpur district and a slurry pipeline from Koira to Paradip, said official sources, claiming that the company has earlier chosen the site originally allocated for Posco India‘s plant as the location for its integrated steel plant. Accordingly, JSW Steel has sought transfer of all facilities such as land, water, power, railway and financial incentives extended to the Posco project. In the revised project plan, JSW Steel intends to build a 32-million-tonne-per-annum (mtpa) pellet plant, instead of an eight-mtpa planned earlier, for its own consumption as well as for export. The Sajjan Jindal-controlled JSW Group is keen to set up a commercial port at the mouth of the Jatadhari, Odisha, 13 km south of the Paradip port where the project is proposed to be set up through JSW Infrastructure Ltd, the infrastructure arm of JSW Steel Ltd.
📅Published on:
26 May 2017
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