JSPL will invest Rs 1 lakh crore in Odisha for next 10 years

09 Jul 2021 CW Team

Jindal Steel and Power (JSPL) is set to invest over Rs 1 lakh crore in Odisha to create employment opportunities in the state, JSPL Chairman Naveen Jindal, told the media.

Jindal said JSPL would invest more than Rs 1 lakh crore and create substantial employment opportunities in the state in the next 10 years.

The industrialist said this in response to a meeting on Tuesday, chaired by Naveen Patnaik, Chief Minister, in which five major industrial projects worth Rs 1,46,172 crore in metal and downstream metal sectors were approved.

Patnaik said that such decisions would go a long way in increasing the industry's confidence and propel our efforts towards building a prosperous Odisha and a self-reliant India.

The Chief Minister of Odisha's office' official Twitter handle said that the State High-Level Clearance Authority, chaired by the CM, approved five major industrial projects worth Rs 1,46,172 crore in metal and downstream metal sectors on Tuesday.

These projects will almost double the steel production of Odisha to 58 million tonne (mt).

The Chief Minister's office informed in its Twitter handle that these projects include expansion of Bhushan Power and Steel Integrated Steel Plant in Sambalpur, development of @TataSteelLtd crude steel production, hot-rolled coil, cold-rolled and long products in Jajpur, and expansion of @JSPLCorporate existing integrated steel plant in Angul.

Additionally, it said that in line with CM's vision of 2030 to make Odisha the steel hub of India by increasing production to 100 mt, these projects would add a steel production capacity of 28 mt.

Image Source

Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

Also read: JSW Group clubs large project divisions of steel and cement biz

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..