Keonjhar Mega Steel Plant Project Moves Two Steps Ahead

06 Aug 2025 CW Team

Chief Minister Mohan Charan Majhi on Sunday affirmed that the proposed mega steel plant in Keonjhar district is firmly on track, stating that the project has advanced by two steps.

During his two-day visit to his home district, the Chief Minister reviewed major industrial, infrastructure, and development projects, including the large-scale steel plant planned by JSW and POSCO with an investment of approximately Rs 400 billion in the Patna region.

He assessed the status of land identification and acquisition for the project, noting that one of the companies involved has already deposited funds for the process. Speaking to the media, Majhi said, “Apart from the mega steel plant, nine additional industrial projects will be established in the district, and necessary steps are being taken for their swift implementation.”

The district administration has identified two parcels of land for the steel plant: one in Taramakanta village under Banspal block, around 47 km from Keonjhar town, and another in the Patna area.

During his February visit, the Chief Minister had announced the joint venture between JSW and POSCO to set up a major steel plant in Keonjhar. He had also revealed that other steel facilities would be developed across the district, involving total investments of Rs 1 trillion.

The JSW Group, led by Sajjan Jindal, signed a memorandum of understanding with the state government on 8 January during the Utkarsh Odisha: Make-in-Odisha Conclave to establish a 5 million tonne per annum (MTPA) steel plant in Keonjhar. In October of the previous year, JSW and South Korea’s POSCO had signed an MoU to develop an integrated steel plant in India with an initial capacity of 5 MTPA, although the final location had not been confirmed at that time.

To drive the Keonjhar steel plant project forward, the Chief Minister has constituted a task force led by Chief Secretary Manoj Ahuja.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..