Jindal Steel and Power Ltd (JSPL) will invest Rs 500 crore to set up a downstream industrial park spread over 1,400 acres at Parang in Angul, Orissa. The company signed a memorandum of understanding with the State Government in this regard. The industrial park, expected to be operational by end-2014, will provide basic infrastructure including land, water and electricity for entrepreneurs to set up their units. JSPL expects that total investment from prospective investors in the proposed park to cross Rs 5,000 crore.
JSPL is setting up a six million tonne per annum integrated steel plant including coal gasification unit and the coal-to-liquid project in Angul, which provides an ideal base for creation of primary industry cluster. The proposed park at Angul, the second such initiative by JSPL, is expected to create some 32,000 direct and indirect jobs. In 2006, JSPL had set up an industrial park at Punjipathra in Raigarh district of Chhattisgarh, spread across an area of 750 acres, where some 30 industrial units such as industrial furnace, ferro alloys, cement and cold storage operate. The Jindal Industrial Park at Raigarh has created over 10,000 direct and indirect jobs. Its subsidiary Jindal Power Ltd has received the “consent to establish” for expansion of 2,400 MW (4X600 MW) power plant from the Chhattisgarh Environment Conservation Board. The work on this project has now commenced.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1269.50 |
| Lloyds Metals&Energy | 1622.70 |
| Jai Balaji Inds | 72.59 |
| Steel Exchange India | 8.96 |
| Rajputana Stainless | 125.90 |
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