The Chief Minister of Odisha, Naveen Patnaik, laid the foundation stone for the greenfield integrated steel manufacturing complex of JSW Steel at Paradip in Odisha. The integrated green steel project by JSW Steel is expected to drive economic growth in the region by fostering an ancillary and downstream ecosystem with employment potential of approx. 30,000 direct and indirect jobs. “The Integrated Complex has been envisaged as one-of-its-kind world-class green technology steel manufacturing facility. It will adopt a circular economy practice and will be an exemplary model across the globe for its cleanliness, greenery, and best in class technologies,” the company said.
It includes, world-class Integrated Steel Manufacturing facility with 13.2 MTPA capacity, captive power plant to generate and supply power requirements of the facility, captive jetties with cargo-handling capacity, cement manufacturing unit, and modern township and other components, it added.
JSW Steel’s greenfield integrated green steel complex will be set up at Dhinkia Nuagaon and Gadakujanga under Erasama Tehsil, Jagatsinghpur district. The Industrial Development Corporation of Odisha (IDCO) has handed over 2,958 acres of land to JSW for setting up the facility with 30 per cent of the total project land to be dedicated for preservation of forests and water bodies.
JSW Steel & JSW Group entities have envisaged an investment of approximately Rs 65,000 crore, in order to establish this integrated complex in a phased manner.
The chief minister was joined by JSW Group Chairman Sajjan Jindal, Parth Jindal, Pratap Keshari Deb, Minister, Industries Department; VK Pandian, Chairman of 5 T, Hemant Sharma, Principal Secretary, Industries Dept, Anil Kumar Singh and other dignitaries.