JSPL seeks 1,000 acres more land to attain 6 mt steel making capacity.

Leading private sector steel maker Jindal Steel & Power Ltd. (JSPL) has sought allotment of 1,000 acres of additional land to achieve full steelmaking capacity of six million tonne per annum at its Angul facility.

We need additional 1,000 acres of land to expand steelmaking capacity from two mtpa to six mtpa. Industrial Promotion & Investment Corporation of Odisha Ltd. (Ipicol) has assessed our land requirement. Our two mtpa facility has come up on 2,500 acres. We have also requested the state government to extend our lapsed MoU (memorandum of understanding), said Manish Kharbanda, executive director, JSPL.

JSPL has already invested Rs. 22,000 crore on its steel project in Odisha. Commissioning of six mtpa capacity can take investment beyond Rs. 40,000 crore. JSPL needs 4,300 acres for its six mtpa plant.

Presently, the company is not having possession of 1,800 acres though the land has already been acquired. The steel firm has urged the state government to hand over possession of this acquired land to enable it begin work on the remaining facilities.


BS