JSW Utkal Steel To Begin Work In 2019-20

- Oct 12, 2018-

Business Standard reported that JSW Steel aims to begin construction activity on a 12 million tonne mega steel plant proposed in Odisha's coastal area in the next financial year. The steel plant will be built in a staggered manner. In the first phase, a blast furnace with a 5 million tonne capacity will be commissioned. A senior JSW Steel official said “We are committed to the Odisha steel plant. The project will be developed in phases. A consultant has been roped in to decide on the product mix of the plant. Work on the project will begin after we obtain all clearances.”

JSW Steel has pledged INR 550 billion investment on the mega steel plant and attendant infrastructure - 900 Mw captive power plant, 32 million tonne pellet unit and a slurry pipeline to transport iron ore concentrates from Joda to the project site proposed near Paradip. JSW Steel has formed a wholly owned subsidiary- JSW Utkal Steel Ltd to fast track the implementation of its 12 million tonne crude steel plant and other inter-linked projects in Odisha. 

The JSW Steel project will be built at a site near Paradip abandoned by Posco India. Odisha Industrial Infrastructure Development Corporation Ltd (Idco), the state-owned land agency had acquired 2700 acres of land for the Posco project. Out of this, 1700 acres was transferred to Posco India. In the first phase, JSW Steel will develop 2900 acres of land. The company in its original proposal submitted to the state government, had asked for 4500 acres.

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