JSPL reveals roadmap for 2030
Steel

JSPL reveals roadmap for 2030

The Jindal Steel and Power (JSPL) team led by Chairman Naveen Jindal made a presentation to the Ministry of Steel (MoS) on their "Vision 2030" strategy of becoming a 50.40 mt per year steel plant by 2030.

The company’s Angul Orissa plant is set to be the largest steel plant in the world at one location. The capacity of the steel plant will be elevated to 25.20 mt per year.

The Raigarh plant will be elevated to 12.24 mt, the Patratu and Krishanapatanam to 6.30 mt each.

During the presentation, JSPL said that it is working to become one of the major partners in the "India Growth Story" to achieve 300 mt per year steel production by 2030 as per the target set by the Government of India. JSPL will put up these capacities from its accruals and equity.

JSPL will not borrow any finance from banks. The company told the ministry that it has the required infrastructure to reach the targeted level of production.

No new land will be required, Jindal said, and the company will select green and clean technology which can be accommodated in the lowest footprint as done by many companies in Japan and Taiwan.

Image Source

The Jindal Steel and Power (JSPL) team led by Chairman Naveen Jindal made a presentation to the Ministry of Steel (MoS) on their Vision 2030 strategy of becoming a 50.40 mt per year steel plant by 2030. The company’s Angul Orissa plant is set to be the largest steel plant in the world at one location. The capacity of the steel plant will be elevated to 25.20 mt per year. The Raigarh plant will be elevated to 12.24 mt, the Patratu and Krishanapatanam to 6.30 mt each. During the presentation, JSPL said that it is working to become one of the major partners in the India Growth Story to achieve 300 mt per year steel production by 2030 as per the target set by the Government of India. JSPL will put up these capacities from its accruals and equity. JSPL will not borrow any finance from banks. The company told the ministry that it has the required infrastructure to reach the targeted level of production. No new land will be required, Jindal said, and the company will select green and clean technology which can be accommodated in the lowest footprint as done by many companies in Japan and Taiwan. Image Source

Next Story
Infrastructure Urban

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Next Story
Infrastructure Urban

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..

Next Story
Infrastructure Energy

Sigenergy Launches AI Agent For Energy Systems

Sigenergy has introduced SigenAgent, described as the energy industry’s first all-domain AI agent, during its ‘AI in All’ event. The platform is designed to move solar-and-storage systems from reactive hardware to autonomous, goal-driven energy systems for households and businesses.SigenAgent works through a continuous loop of perception, reasoning and action. It analyses real-time factors such as weather patterns, electricity prices and grid conditions to determine and execute the most efficient operating strategy. Users can set broad goals, such as reducing electricity bills or securin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->