Jindal Steel and Power Limited (JSPL) has launched its 6 million tonne per annum (MTPA) integrated steel plant at Angul (Odisha). It is the largest and most modern steel plant in the State so far.
The plant was dedicated to the nation by Naveen Patnaik, Chief Minister of Odisha, on May 27, 2017. The CM said the JSPL plant will boost the industrialisation in the State and play an important role in the development. It gives direct employment to 30,000 people and indirect employment to one lakh people. There are good days ahead for Angul, he added.
The completion of plant spread over 3500 acres at Angul, with an investment of Rs 33,000 crore, ramps up JSPL’s iron & steel making capacities significantly.
JSPL recently completed all major iron and steelmaking installations at the 6 MTPA integrated steel plant, including India’s largest blast furnace of 4 MTPA at Angul.
“The successful completion and commissioning of 6 MTPA steel plant at Angul is a giant leap forward for the future of JSPL. JSPL has successfully completed its expansion program at a remarkable speed and optimum capital investment levels. The focus is now on sweating the world-class assets to optimum levels, and to further strengthen the operational and financial performance of the company,” said Ravi Uppal, MD & group CEO, JSPL.
The capacity addition would further enhance the cost efficiencies of steelmaking – a continuous focus area integral to JSPL’s business philosophy. The economies of scale imparted by the significant capacity additions and their optimum utilisation would effectuate JSPL’s debt reduction roadmap.