JSW Group plans to establish an integrated steel plant, power plant, port facility, and cement plant in Jagatsinghpur, Odisha, with an investment of INR 65,000 crore. The steel plant will produce 13.2 million tons of steel annually and generate 30,000 jobs. The port and jetty project will handle 52 million tons of cargo annually.
JSW Investment In Odisha: JSW Group plans to invest 400 billion rupees in EV manufacturing projects in Odisha, India. Electric models accounted for 2% of India s car sales last year, with Tata Motors leading the market. The government aims to achieve a 30% share of EV sales by 2023. JSW Group will allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial phases.