JSPL plans to invest over Rs 1 lakh crore in Odisha in next 10 years

Jindal Steel and Power Limited (JSPL) will invest over Rs 1 lakh crore in Odisha to create employment opportunities in the state, its Chairman Naveen Jindal has said.

The industrialist said this responding to a meeting chaired by Odisha Chief Minister Naveen Patnaik on Tuesday in which five major industrial projects worth Rs 1,46,172 crore in metal and metal downstream sectors were approved.

"Thank you Hon'ble CM @naveen_odisha ji for approving the expansion of @JSPLCorporate's 6 MTPA existing Integrated steel plant to 25.2 MTPA. This expansion will make our Angul plant the largest single location steel plant capacity in the world," Jindal said in a Tweet on Tuesday.

He further said in the next 10 years JSPL will invest more than Rs 1 lakh crore and create huge employment opportunities in the state. Such decisions will go a long way in boosting industry confidence and propel our efforts towards building a prosperous Odisha and a self-reliant India.