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Jindal Stainless planning to set up stainless steel park in Odisha: Report

27 Nov 2017 Evaluate

Jindal Stainless is reportedly planning to set up a downstream stainless steel park at Kalinganagar in Odisha. In this regard, the company will invest Rs 704 crore. The plant will have around 71 small and medium units in sectors like auto manufacturing, kitchenware, light engineering, pipes and tubes and service centres.

Land requirement for the said project is 300 acres. This project has the potential to generate 4,800 jobs, including 3,600 direct and 1,200 indirect jobs.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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