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.
