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JSPL to make additional investment of Rs 8,000 crore for its Odisha operations: Report

20 Dec 2016 Evaluate

Jindal Steel and Power (JSPL) has reportedly lined up additional investment of Rs 8,000 crore for its Odisha operations. The company will spend the money on the addition of a blast furnace to take its Angul steel plant capacity to 6 million tonne, setting up of a cement plant, laying of the slurry pipeline to carry iron ore from mines to the steel plant and setting up of a pellet plant.

Currently, the company has a two million tonne steel making facility at Angul through sponge iron route. To produce sponge iron, the company had set up a DRI plant based on coal gasification technology, the first of its kind in the country.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

Jindal Steel Share Price

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