Jindal Steel to raise capacity of Orissa plant

By Our Corporate Bureau | 06 Jul 2005

Bhubaneswar: Jindal Steel and Power is enhancing the capacity of its proposed plant in Orissa to 6mt. Last year in the company signed a memorandum of understanding (MoU) with the Orissa Government to set up a 2 million-tonnes-per-annum (mtpa) steel mill in the State.

With the company's decision to enhance the capacity of the plant, the investment in the project will increase from Rs4,000 crore to Rs15,000 crore, The plant will be set up in two phases.
The first phase of 3-mt capacity will be commissioned by 2008 while the second phase will be over by 2011.