Jindal Steel signs MoU with Chhattisgarh

Jindal Steel & Power signed a memorandum of understanding (MoU) with the government of Chhattisgarh on January 7, 2005 for investments totalling Rs 2,595 crore.

According to a release issued by the company to the BSE today, investments will be made to set up clean-type coke oven, sinter plant, blast furnace, steel melting shop, plate mill, rolling mill for manufacturing rebar, TMT and wire road, a power plant and other utilities and associated facilities at Raigarh in Chhattisgarh.

"Under the MoU, the state government of Chhattisgarh will, among other things, provide all necessary help in seeking clearances, approvals, permissions from state/central government departments/agencies for implementation of these projects," the release added.