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JSPL to set up Odisha first private industrial park at Angul

Steel News - Published on Fri, 14 Sep 2018

Image Source: wikimedia
Business Standard reported that Naveen Jindal owned Jindal Steel and Power Ltd will set up Odisha’s first private industrial park adjacent to its 6 million tonne steel plant at Angul. Spread over 500 acres of land, the park will mainly house steel downstream, ancillary and chemical units. JSPL will spend about INR 6 billion to develop the park, it expects the facility to attract investments to the tune of INR 100 billion in the form of establishment of various units in the complex. JSPL will provide the necessary raw materials for downstream steel units in the park. Besides, with the Angul plant using coal gasification route to make steel, the by-products of this unique process can be used as feed for a variety of chemical industry. The detailed project report of the park is under preparation and a formal approval to the project from a state level committee headed by the chief secretary is awaited.

A company official said that “We expect the state government to approve the project within this month. The land for the park has already been acquired and we hope the state government to hand us over the land in 2 to 3 months. We plan to start developing the park from early 2019.”

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Posted By : Nanda Koijam on Fri, 14 Sep 2018
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