JSW Steel will set up a 10-million-tonne (MT) steel plant in Odisha at an estimated investment of Rs 50,000 crore. The company will set up a 4-million-tonne mill in the first phase. Later, the capacity will be ramped up to 10 million tonnes.
The company is in talks with the state government to identify a suitable location. The state government will be giving them approvals within 30 days from the day the company comes up with a detailed proposal.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.