JSPL’s proposed investment of ₹1,00,670 crore for 25.2 MTPA steel capacity is claimed to be the largest single location steel plant capacity in the world. The Odisha government on Tuesday approved five major industrial projects worth ₹1,46,000 crore investments, taking the total investment worth in the financial year 2020-21 to ₹2,96,000 crore. According to the State government, the proposed investment will take JSPL’s total investment to ₹1,00,670 crore, making it the largest single location steel plant capacity in the world. The HLCA's approval for another 27.5 MT steel making capacity will almost double the installed capacity in Odisha over the next few years. The investment proposals assume significance at a time when the world is struggling to cope with the COVID-19 pandemic.

Source: The Hindu July 07, 2021 06:00 UTC