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JSPL to ramp up Angul project capacity to 20 mpta

28 Feb 2011 Evaluate
Jindal Steel & Power Ltd (JSPL), which proposed to set up a six million tone per annum steel plant at Parang in Angul district , has decided to ramp up the capacity of the project to 20 mtpa making it the world's biggest single location steel facility. The cost of the 20 mtpa steel plant is estimated at Rs 90,000 crore and the plant will reach this capacity in the next 10 years. The first phase of the steel plant will have a capacity of two mtpa which we hope to achieve by March 2012 and by the end of 2013, it would be reaching a capacity of six mtpa.
Besides the steel plant, the company is also setting up a 1320 MW independent power plant at an investment of Rs 6600 crore and a downstream industrial park at Parang at a cost of Rs 500 crore. JSPL has already invested Rs 10,000 crore on its steel project in Orissa and in addition to this, it has also placed equipment orders worth Rs 5000 crore.

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