Ratan Jindal promoted JSL Ltd, setting up a 1.6 million tonne per annum integrated stainless steel project at Kalinganagar in Jajpur district, hopes to attain 0.8 million tonne stainless steel making capacity by mid-2010.
The project will then scale up to full capacity in next two years i.e. in 2012.
The company, meanwhile, has ordered for the equipments from Germany and Austria and these are likely to arrive by October-November this year. “The project is on schedule and we hope to achieve 0.8 mt stainless steel capacity by mid-2010,” said Ratan Jindal, vice-chairman and the managing director, JSL Ltd.
After meeting the Orissa chief minister Naveen Patnaik in the state secretariat here today, Jindal said, the Kalinganagar stainless steel project is delayed by one year.
However, the project work is going on in full swing and the company has already invested about Rs 6500 crore in it. The work on the stainless steel melting shop (SSMS), cold rolling mill (CRM), hot rolling mill (HRM) is in progress.
To help the state government tide over the power crisis, he said, JSL is supplying about 150 Mw power to the state grid from its 250 Mw captive generation plant (CGP) located at Kalinganagar.
Jindal said, he discussed the issue of law and order at the project site with the chief minister and sought his support in the matter. While 70 percent of the land required for the Kalinganagar project has been acquired and the remaining 30 percent is pending. Similarly, there is a patch of private land which is required for construction of railway line connecting the plant site with Jakhapura railway station. Since there is some problem pertaining to the land acquisition, the chief minister has assured to look into the matter, he added.
Sources said, the company has acquired 1240 acres for the project and it requires additional 300 acres for ash pond, 47 acre for the railway line and 100 acres for construction of township.
Besides, 300 acres more is required for the proposed stainless steel downstream industries at the site.
Though this land was acquired by the state owned Industrial Infrastructure Development Corporation of Orissa (Idco), the state government needs to handover the land to the company.
