Optimistic of commissioning first phase of its proposed six-million tonnes per annum (mtpa) steel project by March 2012 in the state, Jindal Steel and Power (JSPL) on Saturday said it would set up the world's biggest steel plant in Orissa.
“The capacity will be expanded to 20 mtpa in next 10 years. This will be the biggest steel plant in the world," executive vice- chairman and managing director Naveen Jindal said after meeting chief minister Naveen Patnaik.
Stating the company had already invested Rs 10,000 crore and placed the order for another Rs 5,000 crore for its Orissa steel project, Jindal said they would start operations with the commissioning of a two-mtpa steel plant in the first phase.
“We will be able to achieve the capacity of six mtpa by 2013," he said, adding the company was planning a big investment in the state.
While JSPL would invest Rs 45,000-Rs 50,000 crore in the steel sector, Rs 50,000 crore would be invested in its proposed coal-to-liquid plant. “The company is likely to invest Rs 1,10,000 crore in the next 10 years," he said claiming the environmental clearance to its project was not conditional.
Jindal said the company had already demonstrated its activities. “Both the chief minister and the company were concerned about proper rehabilitation of the affected people," the Congress MP said.