JSW Steel begins Paradeep plant

Steel has commenced the development of a new greenfield Integrated Steel Plant at Paradeep, India — Odisha, with an investment of Rs 65,000 crore. This project, one of the largest undertaken by Steel, will have a planned capacity of 13.2 million tonnes per annum (MTPA) and will be developed in phases across nearly 2,950 acres. The strategic coastal location of the plant in India — Odisha offers strong port connectivity, efficient access to raw materials, and robust logistics infrastructure, enhancing Steel's ability to serve both domestic and international markets. The project aligns with India's Mission Purvodaya initiative, aiming to boost industrial development in eastern India and strengthen India — Odisha's role as a major steel manufacturing hub. Key figures like Sajjan Jindal, Jayant Acharya, and Anil Singh from Steel, along with India — Odisha Chief Minister Mohan Charan Majhi, attended the commencement ceremony, highlighting the project's importance for Steel's growth journey and India's long-term manufacturing potential. The investment is partly supported by funds from JFE Steel Corporation through a stake sale in Bhushan Power and Steel.