Jindal (India) Limited Gets HLCA Approval for Rs 3,600 Cr Steel Plant in Odisha
Mumbai: Jindal (India) Limited, part of the B.C. Jindal Group, has received Letter of Approval (LoA) for setting up a green-field steel manufacturing plant in Dhenkanal, Odisha. The company received the project approval during the High-Level Clearance Authority (HLCA) meeting, chaired by the Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi.
The company plans to invest a total of Rs 15,000 crore in Odisha in three phases by 2030, with the current Rs 3,600 crore investment marking the first phase of the project. The plant will focus on manufacturing special coated steel products, including cold-rolled steel sheets with multiple high-potential downstream products. The facility will have a total capacity of 9.6 lakh MT per annum and will be commissioned by 2027. Additionally, Jindal (India) Limited will also establish a steel pipe manufacturing facility with an estimated annual production capacity of 2 lakh MT per annum.
According to a company spokesperson, “This move aligns with our endeavor to support the Government’s Atmanirbhar Bharat initiative and to contribute to India’s vision of a ‘Viksit Bharat’ by 2047. Along with enhancing the company’s domestic manufacturing capabilities, the green-field manufacturing plant will reduce reliance on imports and generate employment opportunities in the state.”
Jindal (India) Limited is part of the B.C. Jindal Group, a leading Indian conglomerate with a diverse portfolio of businesses. The company has two state-of-the-art factories located at Howrah, West Bengal, and offers a comprehensive range of products across three major divisions: sheets, pipes, and aluminum foil.
The company plans to drive growth by focusing on premium product offerings like colour-coated sheets and introducing high-potential downstream products. Jindal (India) Limited had announced an investment of over Rs 1,500 crore to expand its steel production capacity in FY25, with completion targeted for FY26.
