Odisha News Insight

JSW Plans to invest 1lakh cr in Odisha in 10 years

Business conglomerate JSW is planning to invest Rs one lakh crore in the next ten years. Sajjan Jindal, MD of Jindal Steel informed while speaking to Odisha Chief Minister Naveen Patnaik through video-conferencing on Monday.

JSW plans to set up a “JSW Centre of Development Studies” in collaboration with IIM Sambalpur. The JSW Steel will also establish a 100-bedded hospital and a school in Sundargarh district through PPP mode.

Apart from this, JSW group is expected to start work of the Jatadhar 13.2 MTPA steel plant project soon.

CM Naveen Patnaik spoke to Sajjan Jindal in this regard and urged him to commence the project soon.

For the Integrated Steel Plant Project in Jagatsinghpur district, the state Government has allocated land, water and power.

During the discussion, the Chief Minister stressed on maximum value addition of the State resources for accelerating job creation and revenue generation.

In response, Sajjan Jindal has said that the JSW is fully committed to all its projects in the State and expressed his satisfaction on the support of the State Government, a release from the CMO stated.