JSW Group to set new steel, cement plant in Odisha, invest Rs 65,000 crore
Multinational conglomerate, JSW Group has informed about its plans to set up an integrated steel plant, a power plant, a port facility, and a cement plant at Jagatsinghpur, Odisha. The projects would take an investment of around Rs 65,000 crore.
The port and jetty project will handle 52 million tons of cargo per annum, while the steel plant will have the capacity to make 13.2 million tons of steel per annum. As per JSW, the Industrial Development Corporation of Odisha (IDCO) has handed over 2,958 acres of land to JSW for setting up the integrated manufacturing facility with 30 percent of the total project land to be dedicated for the preservation of forests and water bodies.
Also Read: Rs 7,000 Crore Investment Plan Chalked Out By JSW Infra