JSW Steel to acquire land for 13 MTPA steel plant in Odisha
2020-11-30 14:07:16 [Print]
JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13
JSW Steel Director - Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same site near the port of Paradip where POSCO was keen to set up a 12 MTPA steel plant.
The Odisha government and POSCO had signed a Memorandum of Understanding (MoU) in this regard in 2005. However, the South Korean steel giant had to abandon its proposed Rs 52,000-crore project due to multiple reasons from delay in environmental clearances to protests by locals . The pact ultimately expired in 2010 and was not renewed again.
JSW Steel plans to set up an integrated steel plant of 13.2 MTPA capacity in Odisha along with a 900 MW power plant for captive usage with an investment amount of Rs 53,700 crore.
. 2 million tonnes per annum (MTPA) greenfield steel plant, a top company official said.
JSW Steel Director - Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same site near the port of Paradip where POSCO was keen to set up a 12 MTPA steel plant.
The Odisha government and POSCO had signed a Memorandum of Understanding (MoU) in this regard in 2005. However, the South Korean steel giant had to abandon its proposed Rs 52,000-crore project due to multiple reasons from delay in environmental clearances to protests by locals . The pact ultimately expired in 2010 and was not renewed again.
JSW Steel plans to set up an integrated steel plant of 13.2 MTPA capacity in Odisha along with a 900 MW power plant for captive usage with an investment amount of Rs 53,700 crore.