Bhubaneswar,Aug 26: As informed by JSW Steel CMD Sajjan Jindal after meeting chief minister Naveen Patnaik in the Odisha’s Investors meet in Bengaluru on Friday, the company has proposed to invest Rs 50,000 crore in Odisha to set up 10 MTs capacity steel plant.
As per information, the company has also shown its desire to build up a slurry pipeline with an introductory investment of Rs 1200-1500 crore.
Reportedly, Rs 25,000 crore will most likely be invested by a Navratna Public Sector undertaking (PSU), Neyveli Lignite Corporation (NLC) in Odisha through which the company aims to build a 2000 MW thermal power plant, a 500 MW solar power plant and coal mining processing plant.
Rs 2,000 crore is likely to be invested by another Central Public Sector Unit, Bharat Electronics Ltd (BEL) for setting up a solar plant project in Bolangir.
Notably, the State government organized the two-day Odisha investors’ meet that began in Bengaluru on Thursday, in an attempt to encourage investments in sectors like manufacturing, IT, electronics, petrochemicals, food processing and tourism.
