+
Keonjhar Mega Steel Plant Project Moves Two Steps Ahead
Steel

Keonjhar Mega Steel Plant Project Moves Two Steps Ahead

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.
 

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. 

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code