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TMI BlogJSW Group signs MoU with Odisha govt to set up 5-MTPA steel plant in KeonjharX X X X Extracts X X X X X X X X Extracts X X X X ..... JSW Group signs MoU with Odisha govt to set up 5-MTPA steel plant in Keonjhar X X X X Extracts X X X X X X X X Extracts X X X X ..... the first day of ‘Utkarsh Odisha-Make in Odisha Conclave’. “The JSW (Group) will set up a 5-MTPA steel plant in Keonjhar district at an investment of around Rs 35,000 crore,” Industries Department Additional Chief Secretary Hemant Sharma told reporters. Keonjhar district is located in the iron ore reserves belt, and the minerals were being exported to other areas from the district. As a result, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the locals did not get any benefit from the mineral resources, Jindal said. Asked whether South Korean steel major POSCO is also a part of the proposed Keonjhar project, Jindal said, “It has not yet been decided whether we will go for a collaboration with some other firm. It will be decided in the future course.” Jindal said POSCO has evinced interest in setting up a steel plant in Odisha. Maj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hi had earlier said that the JSW Group and POSCO will jointly set up a green field steel facility in his home district of Keonjhar. Aditya Birla Group Chairperson Kumar Mangalam Birla, who also attended the Odisha business summit, said: “We are long-term investor in Odisha. We have already invested Rs 50,000 crore in the state and another Rs 50,000 will be invested in the coming years.” The comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any will make investments in aluminium refinery and aluminium smelting, he said. In a statement, TV Narendran, CEO and Managing Director of Tata Steel, said in the last decade, Tata Steel has made an investment of around USD 10 billion in Odisha. “We have not only built a new steel plant from scratch in Kalinganagar but also acquired and turned around assets like Neelachal Ispat and Bhushan Stee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l, contributing to our 11-million tonnes capacity in the state. We expect to add another 10 million tonnes over the next decade,” he said.
Vineet Mittal, Chairman of Avaada Group, said it will invest Rs 20,000 crore in setting up a green ammonia project with 5-lakh tonnes capacity at Gopalpur in Ganjam district. PTI BBM AAM AAM RBT X X X X Extracts X X X X X X X X Extracts X X X X
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