Jindal Steel & Power (JSPL) would be investing around another Rs 50,000 crore in Chhattisgarh. The company has already invested Rs 25,000 crore in the state. The company would also be expanding the capacity of its thermal power plant located at Raigarh from existing 1000 MW to 2400 MW.
JSPL currently has a steel making capacity of 3 million tonnes per year (MTPA) and is eyeing 20 MTPA steel making capacity by 2020. Besides, the company currently has power generation capacity of nearly 2,500 MW and the company together with its subsidiary Jindal Power is aiming to increase the capacity by over 21,000 MW.
JSPL forms 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.
