 "JSW Steel forms subsidiary to fast-track Rs 55k-cr projects in Odisha")
The Sajjan Jindal-led JSW Steel has formed a wholly owned subsidiary- JSW Utkal Steel Ltd- to fast-track the implementation of its 12-million-tonne crude steel plant and other inter-linked projects in Odisha.
The steelmaker has committed an investment of Rs 55,000 crore on a number of projects, including the integrated steel mill, the 900-megawatt (Mw) captive power plant, the 32-million-tonne pellet unit, a captive port and a slurry pipeline to transport iron ore concentrates from Joda to the project site proposed near Paradip.
A source close to the development said JSW steel, in its board meeting, resolved to carry out the
