JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Jindal Steel Chhattisgarh Ltd (JSCL), a subsidiary of Jindal Steel & Power, has signed a significant Memorandum of Understanding (MoU) with the Chhattisgarh government to invest ₹75,000 crore in large-scale industrial projects.
The investment will support the development of a 500 MW solar power plant, a 2,400 MW thermal power plant, and a steel facility with a capacity of 7.5 million tonnes per annum (MTPA). These projects aim to boost the state's infrastructure and energy capabilities while generating substantial local employment.
The MoU was signed in Raipur in the presence of Chief Minister Vishnu Deo Sai, who highlighted the state’s ongoing reforms to attract and accelerate industrial growth. Chhattisgarh’s new industrial policy has implemented over 350 reforms, making it easier for businesses to invest and operate.
JSCL Executive President Pradeep Tandon noted that the projects are designed to strengthen the state's economy and create job opportunities across sectors. The company’s plans reflect a long-term commitment to the region’s industrial and economic development.
This strategic partnership is expected to play a key role in enhancing Chhattisgarh’s position as an emerging hub for energy and steel production.
Also Read : Tata Steel Boosts Kalinganagar Plant to 8 MTPA US hasn't asked India to cut Russian oil imports: Official
India's non-critical mineral imports increased by over 80% over five years to ₹68,633 crore in FY24....
Raw Material 02-Aug-2024
According to a report by the International Energy Agency (IEA) reported, India has surpassed China t...
Automobiles 26-Apr-2024
With the Dalian benchmark increasing and Singapore prices falling, iron ore futures were trading in...
Asia 23-Jan-2024
India plans to spend nearly $3.7 billion to fence its 1,610-km porous border with Myanmar within abo...
Notification 28-Mar-2024
Numaligarh Refinery Limited, a major player in India's oil and gas industry, recently achieved a rem...
Oil & Gas 16-Feb-2024
According to the company JSW Energy, it has started the construction activities for its Battery Ener...
Large Corporate 10-Jun-2024