Andhra govt allots land to OP Jindal's Rs 7,500-crore steel plant

AP government on Thursday issued orders allotting 860 acres of land to Jindal Steel & Power Limited for setting up a 2.25 mn tonne per annum integrated steel plant at an investment of Rs 7,500 crore.

metals, commodity, steel prices
Press Trust of India Amaravati
1 min read Last Updated : Jul 15 2021 | 6:27 PM IST

: The Andhra Pradesh government

on Thursday issued orders allotting 860 acres of land to Jindal Steel & Power Limited for setting up a 2.25- million tonne per annum integrated steel plant at an investment of Rs 7,500 crore.

According to the GO, the proposed plant at Thamminapatnam inSPSR Nellore district, is expected to create employment to 2,500 people directly and 15,000 indirectly.

The government, after careful examination of the matter, hereby accord permission to APIIC for allotment of land to an extent of 860 acres at Thamminapatnam and Momidi Village of Chilakur Mandal of SPSR Nellore District to Jindal Steel Andhra Limited, as per the rates fixed by APIIC for establishing an integrated steel plant with a condition that R&R charges, if any, shall be borne by Jindal Steel Andhra Limited as agreed by them, the GO said.

The OP Jindal Group has a dominant presence in steel, power, mining and infrastructure sectors with a total steel production of 11.6 MTPA and has expertise in running integrated steel plants in Odisha, Chhattisgarh, and Jharkhand.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

More From This Section

Topics :Jindal SteelJindal

First Published: Jul 15 2021 | 6:26 PM IST

Next Story