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Jindal Steel and Power (JSP) has announced an ambitious plan to invest additional ₹70,000 crore in Odisha

in Business, State News 2 days ago Comments Off on Jindal Steel and Power (JSP) has announced an ambitious plan to invest additional ₹70,000 crore in Odisha 77 Views

Bhubaneswar:28/1/25: Jindal Steel and Power (JSP) has announced an ambitious plan to invest an additional ₹70,000 crore in Odisha over the coming years, reaffirming its commitment to the state’s sustainable industrial growth and community development.

The announcement was made by Naveen Jindal, Chairman of Jindal Steel and Power, during the Utkarsh Odisha Conclave – 2025 held in Bhubaneswar, in the august  presence of  Prime Minister Narendra Modi and Odisha’s Chief Minister Mohan Charan Majhi. The event celebrated Odisha’s pivotal role in India’s industrial growth and its emergence as a global development hub.

“Our vision is to make Odisha a global industrial leader while improving the quality of life for its people consistently. This additional ₹70,000 crore investment will not only drive industrial growth but also uplift the Quality of life of thousands of families in Odisha, contributing to India’s journey toward self-reliance,” said Naveen Jindal, Chairman of Jindal Steel and Power. “We are also exploring possibilities to set up a steel plant in Keonjhar District to fulfill the vision of Chief Minister Mohan Charan Majhi,” added Jindal.

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The Utkarsh Odisha event underscored Odisha’s strategic importance in India’s economic growth, with leaders emphasizing collaboration between the public and private sectors to achieve sustainable development.

JSP is already operating India’s first coal gasification plant for steel production at Angul, pioneering sustainable practices and reducing dependence on imported coking coal. The Angul Steel Plant, currently at a capacity of 6 MTPA, will double to 12 MTPA this year and is set to reach 25.2 MTPA by 2030, positioning it as the world’s largest and greenest steel plant and a leader in hydrogen-based green steel production.

Beyond its industrial efforts, JSP has made significant contributions to Odisha’s community development. Over the past decade, the company has invested ₹900 crore in sustainable social initiatives focusing on healthcare, education, skill development, women empowerment, rural livelihood, sports, art & culture. These programs have transformed countless lives across the state.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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