Sunday, 27 Feb 2011, Economics Times
Optimistic of commissioning the proposed 6 million tonnes per annum steel project in Orissa by 2013, Jindal Steel and Power Limited said that it would keep enhancing the plant's capacity to make it the world's biggest steel plant.
Mr Naveen Jindal executive vice chairman and managing director of JSPL after meeting Orissa chief minister Mr Naveen Patnaik told reporters that "We will be able to achieve the capacity of 6 million tonnes per annum steel plant by 2013.”
He added that "The capacity of the proposed 6 million tonnes per annum steel plant will be expanded to 20 million tonnes per annum in the next 10 years. This will be the biggest steel plant in the world."
He said the company had already invested INR 10,000 crore and placed order for another INR 5,000 crore for its Orissa steel project. While JSPL would invest INR 45,000 to INR 50,000 crore in steel sector, another INR 50,000 crore would be invested in its proposed Coal To Liquid plant.
Mr Jindal said that "The company is likely to invest INR 110,000 crore in next 10 years claiming that the environmental clearance to its project was not conditional.”
Mr Naveen Jindal executive vice chairman and managing director of JSPL after meeting Orissa chief minister Mr Naveen Patnaik told reporters that "We will be able to achieve the capacity of 6 million tonnes per annum steel plant by 2013.”
He added that "The capacity of the proposed 6 million tonnes per annum steel plant will be expanded to 20 million tonnes per annum in the next 10 years. This will be the biggest steel plant in the world."
He said the company had already invested INR 10,000 crore and placed order for another INR 5,000 crore for its Orissa steel project. While JSPL would invest INR 45,000 to INR 50,000 crore in steel sector, another INR 50,000 crore would be invested in its proposed Coal To Liquid plant.
Mr Jindal said that "The company is likely to invest INR 110,000 crore in next 10 years claiming that the environmental clearance to its project was not conditional.”
Tags:Coal To Liquid plant, environmental clearance,
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