 "Jindal Steel launches 6-MTPA integrated steel plant in Odisha")
Jindal Steel and Power Limited (JSPL) has launched its 6 million tonne per annum (MTPA) integrated steel plant at Angul (Odidha). The plant was dedicated to the nation by Naveen Patnaik, Chief Minister of Odisha, on May 27, 2017.
“As India looks to reach a steel manufacturing capacity of 300 million tonnes by 2030, I am proud to note that 20 percent of steel will continue to be manufactured in Odisha. My vision is to create 30 lakh additional employment opportunities by 2025, and bring in prosperity for the people of the state. What we are witnessing today is yet another step towards realising this vision,” said Naveen Patnaik on the occasion.
JSPL’s integrated steel plant at Angul will provide direct employment opportunities to over 30,000 people and indirect employment to over 1 lakh individuals. The completion of plant spread over 3500 acres at Angul, with an investment of Rs 33,000 crore, ramps up JSPL’s iron & steel making capacities significantly.
“The completion of all major core iron & steelmaking installations at the 6 MTPA steel plant at Angul is a major landmark defining the future growth trajectory of JSPL. We will aspire to grow exponentially in line with the national steel production capacity target of 300 MTPA by 2030. We continue to dream bigger and continuously work towards building a nation of our dreams,” said Naveen Jindal, chairman, JSPL.
JSPL recently completed all major iron and steelmaking installations at the 6 MTPA integrated steel plant, including India’s largest blast furnace of 4 MTPA at Angul.
“The successful completion and commissioning of 6 MTPA steel plant at Angul is a giant leap forward for the future of JSPL. JSPL has successfully completed its expansion program at a remarkable speed and optimum capital investment levels. The focus is now on sweating the world-class assets to optimum levels, and to further strengthen the operational and financial performance of the company,” said Ravi Uppal, MD & group CEO, JSPL.
The capacity addition would further enhance the cost efficiencies of steelmaking - a continuous focus area integral to JSPL’s business philosophy. The economies of scale imparted by the significant capacity additions and their optimum utilisation would effectuate JSPL’s debt reduction roadmap.
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