Jindal India to Invest Rs 15,000 Cr in Odisha Steel Plant Expansion

Jindal (India) Limited, part of the B.C. Jindal Group, a key player in downstream steel manufacturing is advancing its investments into Eastern India with an important new investment in Odisha's Dhenkanal district.

Company Jindal India Steel Tech Limited (JISTL) has been approved by the Odisha High-Level Clearance Authority (HLCA) to establish a modern steel plant with a total investment commitment is Rs 15,000 crore prior to 2030.

Firstly, the investment of Rs 3,600 crore will establish a new manufacturing facility for advanced coated steel products, with a Cold Rolling Mill (CRM), Continuous Galvanizing Line (CGL), and Colour Coating Line (CCL). Production is expected to start in 2027 with up to 9.6 lakh metric tonnes being initially delivered annually, and an aspirational forecast to grow to 30 lakh metric tonnes in further phases. This plant will also provide a steel pipe unit with a capacity of 2 lakh metric tonnes per annum.

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 This greenfield project builds on the Atmanirbhar Bharat and India 2047 commitments to reduce India's reliance on imported steel, advance 'Make in India' efforts and create associated jobs. Jindal's announcement of a Rs 1,500 crore upgrade and addition to its capacity for FY25, and FY26 plans to enhance its speciality premium colour coat steel was key to this decision.