Jindal Steel and Power (JSPL) is planning to expand steel-making capacity at its Raigarh plant in Chhattisgarh by 7 million tonnes per annum (mtpa). In this regard, the company will invest Rs 24,000 crore.
The company is planning to increase the plant capacity by 7 mtpa in two phases. In the first phase, it intends to expand the plant capacity by 4 mtpa by investing Rs 15,000 crore and by 3 mtpa in the second phase with Rs 9,000 crore outlay.
At present, Raigarh plant is having 3 mtpa steel making capacity.
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.
