JSW Steel Limited had received approval from the Odisha Government to set up a 2,678-acre greenfield integrated steel plant in Rajnagar, Odisha.
Jan 05, 2023
JSW Steel Limited’s subsidiary, JSW Utkal Steel Limited, has acquired 2677.80 acres of forest land in Rajnagar, Odisha for setting up a greenfield integrated steel plant. An additional non-forest land of 272.51 acres has also been leased by the Odisha government. This follows the environmental clearance received in 2022 and re-validated in 2023. Earlier, the company had unveiled capex of approximately INR 65,000 crore for the 13.2 million TPA integrated steel plant project which will begin in phase-wise manner once the land is handed over to the company.
The company in a regulatory filing said, “JSW Utkal Steel Ltd (JUSL), a wholly-owned subsidiary of JSW Steel Ltd received environmental clearance (EC) for setting up of a greenfield Integrated Steel Plant (ISP) of 13.2 million tonnes per annum (MTPA) crude steel from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC) which was further re-validated by MoEF&CC in September 2023 with additional and modified EC conditions.”