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New 4 MTPA steel capacity at Angul to help JSPL turn around: Naveen Jindal

Addition at Odisha unit takes capacity to 6 MTPA; Jindal hopes to hit full utilisation next year

Naveen Jindal
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Naveen Jindal (Photo: http://naveenjindal.com/)

Dillip Satapathy Bhubaneswar
Jindal Steel & Power Ltd (JSPL) chairman, Naveen Jindal, said the commissioning of the four million tonne per annum (MTPA) steel capacity at the company's Angul facility in Odisha today would contribute a lot in the financial turnaround of the company.

The newly built 4 MTPA facility has taken the total steelmaking capacity at Angul to 6 MPTA and the total steel capacity of the company to 10.75 million tonne, making it the fourth largest steel producers in the country.

The company was already operating a two-MTPA unit at Angul since 2015, which produced steel through coal gasification-DRI route.

The full six-MTPA plant