B.C. Jindal Group to Invest Rs 15,000 Crore in Odisha
Mumbai: The B.C. Jindal Group, a leading Indian conglomerate, is set to invest Rs 15,000 crore in Odisha by 2030. The group’s promoters, Shyam Jindal, Anubhav Poddar, and Ankit Agarwal, met with Odisha’s Chief Minister, Mohan Charan Majhi, and Minister of Industries & Skill Development, Sampad Chandra Swain, to discuss the expansion plans of Jindal (India) Limited, a subsidiary of the group.
Key Highlights
- Expansion Plans: Jindal (India) Limited aims to increase its steel production capacity in Odisha, focusing on coated flat steel products, which currently account for 70% of its total production.
- Investment: The group plans to invest Rs 15,000 crore in the state by 2030, contributing to Odisha’s economic growth journey.
- Business Portfolio: B.C. Jindal Group operates in diverse sectors, including packaging films, energy, and steel products, with a turnover of over Rs 18,000 crore.
“We thank the Chief Minister and Minister for giving us the opportunity to discuss our expansion plans. We acknowledge the government’s proactive measures to offer an ideal environment to businesses for boosting the state’s industrial development,” said Shyam Jindal, Promoter, B.C. Jindal Group.
