JSW Steel Limited is likely to set up a 10 million tonne capacity steel plant in Odisha, possibly on the land acquired for the Posco steel project in Jagatsinghpur district.
JSW chief Sajjan Jindal called on the Odisha chief secretary and other senior government officials on Friday evening to discuss his project plans. “Our company is very keen to invest on a steel plant in Odisha. The Posco site is one of the possibilities. Besides, other potential sites are also being examined,” Jindal said.
Asked whether the company will set up the plant on the land near Paradip acquired for Posco project, Jindal said, “Posco site is one of the possibilities. We are examining locations in different places including one near Paradip.”
Jindal, after a meeting with Chief Minister Naveen Patnaik at a business meet in Bengaluru earlier last year, had expressed his desire to set up a mega steel plant in Odisha.
The company is likely to invest Rs 50,000 crore for the 10 mtpa steel mill and a 900 MW capacity power plant.
The State level single window clearance authority had cleared nine projects on March 25 including two from JSW and recommended it to the high-level clearance authority headed by the CM.