Wednesday, September 22,
Jindal Steel and Power Ltd (JSPL) said on Tuesday that it is investing Rs 44,000 crore as part of its expansion plans for setting up two 6-million-tonnes-per-annum steel plants in Orissa and Jharkhand.
The first phase of JSPL’s Rs 23,000-crore-tonne steel plant in Angul, Orissa, will be commissioned by the end of 2011, but it is still awaiting the allocation of Iron ore mines in the State.
“As of now, we have only been given non-coking coal mines for the plant. But we will be using coal gasification technology for the plant; so non-coking coal mines will suffice. We are yet to get Iron ore mines in Orissa even though we have fulfilled all the conditions of the memorandum of understanding for allocation of mines. We hope the State government will now take some steps,” said Mr Anand Goel, Joint Managing Director, Jindal Steel and Power Ltd.
For the Rs 21,000-crore steel plant in Jharkhand, JSPL has been given a small Iron ore mine in the State, said Mr Goel. The first phase of the Jharkhand project with a capacity of 3 million tonne per annum is expected to be completed by the middle of 2012.
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