JSW Steel aims to begin work on Odisha's 12 mn tonne steel plant in 2019-20

JSW Steel has pledged Rs 550 billion investment on the mega steel plant and attendant infrastructure - a captive power plant, a slurry pipeline and pellet unit

Sajjan Jindal-led JSW Steel aims to begin construction activity on a 12 million tonne mega steel plant proposed in Odisha's coastal area in the next financial year. The steel plant will be built in a staggered manner. In the first phase, a blast furnace with a 5 million tonne capacity will be commissioned. 

The JSW Steel project will be built at a site near Paradip abandoned by Posco India. The South Korean multinational in 2005 had announced a steel plant of 12 million tonne per annum (mtpa) with an investment of $12 billion. Later, Posco mothballed the mega steel plant and