JSL-led SPV to invest Rs 7.7 billion on downstream park in Kalinganagar

Leading stainless steel producer Jindal Stainless Ltd (JSL) will pump in Rs 7.7 billion via a special purpose vehicle (SPV), to develop external as well as socio-economic infrastructure on a downstream steel park in Kalinganagar, where it is the anchor investor.

The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor.

While building trunk infrastructure such as roads will entail Rs 1.7 billion in investments, the rest will be devoted to creating social infrastructure, including accommodation for the employees.

“The park will