Jindal Steel & Power (JSPL) aims to become the third largest steel producer in the country and it has drawn up ambitious plans to achieve the same. It expects to increase revenues from its steel business to Rs 80,000-1 lakh crore by 2020. It is also ramping up its steel production capacity to 14 million tonne per annum (mtpa) in the next two years.
The company plans to spend about Rs 30,000 crore in Angul, Odisha for setting up of a steel plant with a capacity of 6MTPA. Another, Rs 11,000-12,000 crore will be invested in Patratu, Jharkhand for steel capacity of 3 MTPA.
