JSW to set up integrated steel plant in Odisha

19 Feb 2024 CW Team

The JSW Group will set up an integrated steel plant, a power plant, a port facility and a cement plant at Jagatsinghpur, Odisha with an investment of Rs 65,000 crore. The steel plant will have the capacity to make 13.2 million tonnes of steel per annum and is expected to generate 30,000 jobs.

The port and jetty project will handle 52 million tons of cargo per annum. The cement plant will be able to produce 10 million tons while an iron ore slurry transportation system will have the capacity to transport 30 million tons per annum.

?The Industrial Development Corporation of Odisha (IDCO) has handed over 2,958 acres of land to JSW for setting up the integrated manufacturing facility with 30 per cent of the total project land to be dedicated for preservation of forests and water bodies,? said JSW Steel.

The land for the project was earlier earmarked for Korean Steel Major Posco in 2005, which had plans to set up a 12 MTPA steel plant with an investment of Rs 52,000 crore. However, the project failed to take off following stiff opposition from the local people forcing Posco to withdraw in 2017.

The proposal ran into rough weather last year when the National Green Tribubal suspended its licence to set up steel plant.

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