The promoters of the company have proposed a significant investment of INR 15,000 crore in Odisha with the goal to expand its steel production capabilities in the state.
Apr 14, 2025
Jindal (India) Limited, a flagship company of B.C. Jindal Group has proposed a significant investment of INR 15,000 crore in Odisha, aiming to expand its steel production capabilities in the state. The promoters of the group, including Mr. Shyam Jindal, Mr. Anubhav Poddar, and Mr. Ankit Agarwal met with Odisha Chief Minister Shri Mohan Charan Majhi and Minister Shri Sampad Chandra Swain to discuss this strategic initiative.
The proposed expansion will increase the company’s steel production capacity to 1.6 million tonnes annually, with a strong focus on manufacturing coated flat steel products, pipes, and crash barriers. This development aligns with the group’s long-term vision to contribute to India’s industrial landscape through sustainable and forward-looking investments.
Expressing his gratitude for the state’s support, Mr. Shyam Jindal said, “We sincerely thank the Hon’ble Chief Minister and Hon’ble Minister for engaging with us regarding our future plans in Odisha. The state government’s proactive approach in creating a business-friendly ecosystem makes Odisha an attractive destination for industrial growth. We are committed to playing a meaningful role in the state’s economic development and contributing to the larger goal of nation-building.”
With this proposed investment, the Group is set to enhance its footprint in the steel sector while reinforcing its commitment to responsible industrial advancement by the year 2030.
