JSP plan to make Angul facility largest location steel plant

Jindal Steel and Power (JSPL) is embarking on an ambitious endeavor to transform its Angul unit into India's largest single-location steel manufacturing facility, according to Managing Director Bimlendra Jha. Currently, the capacity of the Odisha-based plant is undergoing a substantial expansion, poised to increase from the existing 5.6 million tonnes per annum (MTPA) to 11.6 MTPA. In an interview with PTI, Jha outlined the company's vision, stating, We are more than doubling the capacity in Angul by next year...we have ambitions to further double it up to 24 MTPA, making it India's largest single-location steel plant. However, no specific timeline for this ambitious expansion plan was shared. Additionally, the steel plant located in Raigarh is also set for significant growth, with plans to expand its capacity to 9.6 MTPA from the current 3.6 MTPA, as confirmed by the company in a statement. Discussing the expansion of the Angul facility, Jha expressed the company's commitment to achieving trial production by the end of 2023, followed by full-scale commercial production in the subsequent year. Regarding the outlook for the steel sector in India, Jha highlighted the country's growth trajectory, driven by the government's emphasis on infrastructure projects. These projects have played a pivotal role in bolstering domestic steel demand, positioning JSPL and the industry as a whole for robust growth in the coming years.