Optimistic of commissioning the first phase of its proposed 6-MTPA steel project by March 2012 in the state, Jindal Steel and Power (JSPL) on Sunday said it would set up the world’s biggest steel plant in Orissa.
“The capacity of the proposed 6 mtpa steel plant will be expanded to 20 mtpa in next 10 years. This will be the biggest steel plant in the world,” said Naveen Jindal, executive vice-chairman and managing director, JSPL after meeting Orissa chief minister Naveen Patnaik.
Stating that the company had already invested Rs 10,000 crore and placed an order for another Rs 5,000 crore for its Orissa steel project, Jindal said they would start operation with commissioning of 2 mtpa steel plant in the first phase.
“We will be able to achieve the capacity of 6 mtpa steel plant by 2013,” he said .
While JSPL would invest Rs 45,000 crore to Rs 50,000 crore in stel sector, Rs 50,000 crore would be invested in its proposed coal-to-liquid (CTL) plant.
“The company is likely to invest Rs 1,10,000 crore in next 10 years,” Jindal said claiming that the environmental clearance to its project was not conditional.
To a question on rehabilitation of the project affected people, Jindal said the company had already demonstrated its activities.