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The Economic Times
The Economic Times

JSW Steel kicks off Rs 65,000 crore greenfield steel project in Odisha

JSW Steel Odisha

JSW Steel kicks off Rs 65,000 crore, 13.2 MT greenfield steel project in Odisha

New Delhi: JSW Steel on Wednesday kick-started its 13.2 million tonne steel project in Odisha, entailing an investment of Rs 65,000 crore.

The project is one of the largest investments undertaken by the company, JSW Steel said in an exchange filing.

Also Read: ‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan

The integrated steel plant will be developed in phases at Paradeep with a planned capacity of 13.2 million tonnes per annum (MTPA) and an estimated investment of about Rs 65,000 crore in phases.

Spread across nearly 2,950 acres, the project is strategically located on Odisha's coastline, offering strong port connectivity, efficient access to raw materials and robust logistics infrastructure to serve both domestic and international markets.

The company held the project commencement ceremony on Wednesday, which was attended by Odisha Chief Minister Mohan Charan Majhi, senior members of the Odisha government and JSW Group officials, the filing said.

Also Read: India's steel ministry flags met coke shortage, seeks withdrawal of anti-dumping duty

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