JSP plans to make Angul facility India's largest single-location steel plant: MD Bimlendra Jha financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India Business News: NEW DELHI: Jindal Steel and Power (JSP) is planning to make its Angul unit India's largest single-location steel manufacturing facility, its Managing .
Jindal Steel and Power (JSP) plans to expand its Angul unit in Odisha to become India s largest single-location steel manufacturing facility. The current capacity of the plant is being increased from 5.6 million tonnes per annum (MTPA) to 11.6 MTPA, with ambitions to further double it to 24 MTPA. The Raigarh steel plant will also undergo expansion from 3.6 MTPA to 9.6 MTPA. JSP aims to complete trial production at the Angul plant by the end of 2023 and achieve commercial production next year. The company sees India s steel sector growing due to government infrastructure projects and domestic demand.
New Delhi, Jan 8: Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route. The 1,050 megawatts (MW) under-construction coal-based power project is located near JSPL’s steel plant in Angul, Odisha. […]