Business Standard

New 4 MTPA steel capacity at Angul to help JSPL turn around: Naveen Jindal

Addition at Odisha unit takes capacity to 6 MTPA; Jindal hopes to hit full utilisation next year

Naveen Jindal
Premium

Naveen Jindal (Photo: http://naveenjindal.com/)

Dillip Satapathy Bhubaneswar
Jindal Steel & Power Ltd (JSPL) chairman, Naveen Jindal, said the commissioning of the four million tonne per annum (MTPA) steel capacity at the company's Angul facility in Odisha today would contribute a lot in the financial turnaround of the company.
The newly built 4 MTPA facility has taken the total steelmaking capacity at Angul to 6 MPTA and the total steel capacity of the company to 10.75 million tonne, making it the fourth largest steel producers in the country.
The company was already operating a two-MTPA unit at Angul since 2015, which produced steel through coal gasification-DRI route.
The full six-MTPA plant

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in