Jindal Steel & Power Ltd which is setting up a 6 million tonne per annum Greenfield unit in two phases of 3 million tonne per annum each at Patratu in Hazaribagh district of Jharkhand at an estimated investment of INR 18,000 crore has started acquiring land for the project.

Mr SP Sharan deputy GM corporate affairs of JSPL said that “We are engaged in direct purchase of land for the project and have already acquired around 600 acre.”

Mr Sharan said that the company is also setting up a wire rod unit of 0.6 million tonnes capacity at the site.

He added that “The wire rod mill which was to commence production in October would now go on stream in December 2009.”

JSPL had acquired the closed plant of Bihar Alloy Steel Ltd located at around 550 acre to start setting up the steel plant and needs a total of around 2,500 acre land for the entire project.

(Sourced from wirewirld.com)