Jindal Steel and Power (JSPL) is likely to sign an MoU with the state government for setting up a Rs 45,000-crore coal-to-liquid (CTL) plant by end of this year. JSPL's this plant will be manufacturing 5 meter sheet, first of its kind in the country. This is the second such proposal for setting up a CTL plant in the state.
JSPL has indentified a barren land to house the company's proposed CTL plant, first of its kind in the country and it is getting enough cooperation from the local people. The company will implement strategic environment safety measures for the CTL project, as it is expecting environment clearance to the project by end of this year. It aims to produce 80,000 barrel of liquid petroleum products from the proposed CTL project.
The project is expecting to produce aviation fuel also other than diesel, petrol and kerosene oil from its proposed CTL plant at Angul. The company had already been allocated a coal block for the purpose of raw material in the proposed CTL plant.
