Jindal inks MoU with the Orissa government
Indian steel producer
Jindal Steel & Power Ltd (JSPL) has recently signed a memorandum of understanding (MoU) with the Orissa government to build a steel plant and a ferro
alloys plants in Keonjhar district.
The planned steel plant and the ferro
alloys plant will have an annual
production capacity of 2 million tons and 80'000 tons, respectively.
JSPL plans to invest Rupees 38.5 billion ($840 million) in the project. Orissa government will provide necessary support to the steel producer in return for the project.
The project, which also covers establishment of a captive power plant with a capacity of 200 MW is scheduled to be completed in seven years.