Steel minister inaugurates JSPL’s 1.4 mtpa TMT rebar mill in Odisha

03 May 2022 CW Team

Steel minister Ram Chandra Prasad Singh has inaugurated Jindal Steel and Power Ltd (JSPL) 1.4 million tonnes per annum (mtpa) TMT rebar mill at its integrated complex in Angul district of Odisha.

According to JSPL, the capacity is capable of making India’s only 50 mm TMT rebars, used in construction and infrastructure projects.

The minister also inspected the functioning of India's first and only coal gasification-based 2 mtpa direct reduced iron plant the firm. The coal gasification plant captures around 2,000 tonnes of carbon dioxide per day and remains crucial in decreasing the carbon footprint of JSPL.

Jindal Steel is growing its Angul plant capacity from 6 mtpa to 12 mtpa and plans to reach an overall 15 mtpa steelmaking capacity by 2025. The commissioning of the new capacities is likely to start over a year.

With the capacity growth, the raw material requirements of the firm also require to be met. The firm had won four thermal coal blocks in recent auctions. The combined mining capacity of the mines is 15 mtpa which will make JSPL 100% self-sufficient in thermal coal and is back to the pre-FY14 period.

Various approvals before the commencement of mining, however, may take some time. However, the ramp-up in supplies from these coal blocks is likely to be in line with expansion plans.

Analysts at Centrum Stock Broking said that with the majority of the approvals in place, the firm anticipates the Utkal B1 mine to be functional by FY23-end and others in FY24.

As per analysts’ data, the Odisha group of mines is located about 5-15 kms from the Angul plant, while Gare Palma IV/6 is also just 45 kms from Raigarh.

The firm is also handling its iron-ore supplies. The captive Tensa iron ore mines cater to 25% of JSPL’s iron ore needs currently, said analysts at Motilal Oswal Financial Services.

Image Source

Also read: JSPL to set up second coal gasification plant at Raigarh plant

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Steel minister Ram Chandra Prasad Singh has inaugurated Jindal Steel and Power Ltd (JSPL) 1.4 million tonnes per annum (mtpa) TMT rebar mill at its integrated complex in Angul district of Odisha. According to JSPL, the capacity is capable of making India’s only 50 mm TMT rebars, used in construction and infrastructure projects. The minister also inspected the functioning of India's first and only coal gasification-based 2 mtpa direct reduced iron plant the firm. The coal gasification plant captures around 2,000 tonnes of carbon dioxide per day and remains crucial in decreasing the carbon footprint of JSPL. Jindal Steel is growing its Angul plant capacity from 6 mtpa to 12 mtpa and plans to reach an overall 15 mtpa steelmaking capacity by 2025. The commissioning of the new capacities is likely to start over a year. With the capacity growth, the raw material requirements of the firm also require to be met. The firm had won four thermal coal blocks in recent auctions. The combined mining capacity of the mines is 15 mtpa which will make JSPL 100% self-sufficient in thermal coal and is back to the pre-FY14 period. Various approvals before the commencement of mining, however, may take some time. However, the ramp-up in supplies from these coal blocks is likely to be in line with expansion plans. Analysts at Centrum Stock Broking said that with the majority of the approvals in place, the firm anticipates the Utkal B1 mine to be functional by FY23-end and others in FY24. As per analysts’ data, the Odisha group of mines is located about 5-15 kms from the Angul plant, while Gare Palma IV/6 is also just 45 kms from Raigarh. The firm is also handling its iron-ore supplies. The captive Tensa iron ore mines cater to 25% of JSPL’s iron ore needs currently, said analysts at Motilal Oswal Financial Services. Image Source Also read: JSPL to set up second coal gasification plant at Raigarh plant

Real Estate

09 Sep 2025

Mumbai Nears 100K Sales Despite Rs 10B August Dip

Mumbai’s real estate market remained resilient in August 2025, recording 11,230 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits, according to data from Knight Frank India. Despite a 3 per cent year-on-year dip and an 11 per cent decline from July, experts suggest the housing market continues to be driven by strong end-user confidence.Stamp duty collections for the month stood at Rs 10 billion, down 6 per cent from Rs 10.62 billion in August 2024. However, cumulative performance from January to August 2025 paints a strong picture—over 99,869 registrations we..

Real Estate

09 Sep 2025

Arkade Buys MMR Land Parcel for Rs 1.48 Billion

Mumbai-based real estate firm Arkade Developers Ltd announced on Wednesday that it has acquired a 14,364 sq metre land parcel in the Mumbai Metropolitan Region (MMR) for Rs 1.48 billion.In a regulatory filing, the company stated that it has entered into a memorandum of understanding (MoU) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd, which owns the Bhandup (West) land parcel.“The proposed acquisition includes a land parcel measuring 14,363.60 square metres located in Bhandup (West), Mumbai. The total consideration for the deal is Rs 1.48 billion,” the filing r..

Infrastructure Urban

09 Sep 2025

Amazon Signs Rs 400 Million Lease for Hooghly Warehouse

Amazon Seller Services, the marketplace division of Amazon Inc., has leased 560,000 sq. ft of warehousing space in West Bengal’s Hooghly district as part of its nationwide expansion of fulfilment infrastructure.The upcoming facility, set to serve as a fulfilment centre (FC), has been pre-leased from Nahar Industrial Enterprises Ltd. As per documents accessed via real estate analytics platform Propstack, the property handover will occur between January and June 2026, with the lease officially commencing on 1 June 2026. The agreement spans a period of 20 years.Amazon will pay a monthly rent of..