JSW Steel Ltd.

JSW Steel, one of India's largest steel groups, has reportedly received the environmental clearance for setting up an integrated steel unit and captive power plant in Jharkhand.  The green clearance has been given subject to some conditions based on the recommendations of the government's Expert Appraisal Committee (EAC).  

As per the proposal, the company will set up a 10 MTPA capacity integrated steel unit and a 900 mw captive power plant as well as a township spread across over 3,800 acres in seven villages near Sonahatu block in Ranchi.  The project is estimated to cost Rs 35,000 crore and generate additional 20,000-30,000 indirect jobs.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. The company has posted a jump of around three fold in its consolidated net profit after taxes, Minority Interest & Share of Profit of Associates at Rs 171.25 crore for the quarter ended March 31, 2016 as compared to Rs 62.38 crore for the corresponding quarter in the FY15.