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Jindal Steel completes 6 MTPA integrated steel plant at Angul
Source: IRIS | 29 May, 2017, 09.46AM
Rating: NAN / 5 stars.
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Jindal Steel and Power (JSPL), India's leading steel and power major has dedicated its 6 MTPA Integrated Steel Plant at Angul to the Nation. Odisha’s Largest and Most-Modern Integrated Steel Plant was dedicated to the Nation by Chief Minister of Odisha, Shri Naveen Patnaik on May 27th, 2017.

JSPL's Integrated Steel Plant at Angul will provide direct employment opportunities to over 30,000 people and indirect employment to over 1 lakh individuals. The completion of Integrated Steel Plant spread over 3500 acres at Angul, with an investment of Rs 330 billion, ramps up JSPL's Iron & steel making capacities significantly.

''JSPL has always aspired to enhance its participation in the socioeconomic development of the Nation. The completion of all major core iron & steelmaking installations at the 6 MTPA Steel Plant at Angul is a major landmark defining the future growth trajectory of JSPL,'' Naveen Jindal, Chairman, JSPL said. ''The completion of Odisha's largest steel plant demonstrates JSPL's impeccable project execution capabilities; fuelled by passion, commitment and dedication of 25,000 Jindalites, with support of over 1 lakh families anchored by the JSPL ecosystem. We will aspire to grow exponentially in line with the National steel production capacity target of 300 MTPA by 2030. We continue to dream bigger and continuously work towards building a nation of our dreams", Jindal said.

JSPL recently completed all major iron and steelmaking installations at the 6 MTPA Integrated Steel Plant at Angul, including India's Largest Blast Furnace of 4 MTPA at Angul. The 6 MTPA Integrated Steel Plant at Angul has been built at an investment of Rs 330 billion amongst the largest private sector investments in Odisha.

Shares of the company gained Rs 2.3, or 1.84%, to trade at Rs 127.00. The total volume of shares traded was 498,540 at the BSE (9.36 a.m., Monday).

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