JSPL's MoU on coal-to-liquid Orissa project next month

Jindal Steel & Power (JSPL) will sign an MoU with the Orissa government next month for setting up a coal-to-liquid project in the state with an investment of Rs 45,000 crore, according to its vice-chairman and MD, Naveen Jindal. The project capacity would be 80,000 barrel oil per day.

The company would invest Rs 1 lakh core in Orissa in the next 10 years. Besides the coal-to-liquid project, the company is going to set up an industrial park with an investment of Rs 500 crore, an engineering college, a power training institute and a vocational training institute in the state. Steel project capacity has been enhanced to 12.5 million tonne per annum (MTPA) from 6 MTPA. For the first time in the world, coal gassification technology would be adopted for production of steel.