JSPL buys land for Jharkhand steel plant

Written by Arindam Sinha | Jamshedpur | Updated: Nov 1 2009, 05:07am hrs
Jindal Steel & Power Ltd (JSPL) which is setting up a 6 million tonne per annum (mtpa) greenfield unit in two phases of 3 mtpa each at Patratu in Hazaribagh district of Jharkhand at an estimated investment of Rs 18,000 crore has started acquiring land for the project.

JSPL had acquired the closed plant of Bihar Alloy Steel Ltd (BASL) located at around 550 acre to start setting up the steel plant and needs a total of around 2,500 acre land for the entire project. We are engaged in direct purchase of land for the project and have already acquired around 600 acre, said SP Sharan, deputy general manager (corporate affairs).

The company which is engaged in winning over the confidence of the villagers staying near the site by way of opening vocational training centres and other training centres, including an ITI in the name of the late OP Jindal, has so far met with little resistance.

The company hopes to finish the first phase by 2012 as it will take some time to acquire land for the project and complete the work on the iron ore mine allotted to the company at Jaraldaburu near Chaibasa.

The company is also setting up a wire rod unit of 0.6 mtpa capacity at the site.

The wire rod mill which was to commence production in October would now go on stream in December (2009), said Sharan.