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₹1 lakh crore investments coming to Odisha’s steel sector.
Major steelmakers ramping up capacities.
Odisha set to become India’s steel capital by 2031.
In a major boost to India’s steel sector, Odisha is set to transform into the country's leading steel manufacturing hub by 2031. According to state government and industry officials, investments exceeding ₹1,00,000 crore are being pumped into new and expanded steel projects across the region.
Key steelmakers like JSW Steel, Tata Steel, ArcelorMittal Nippon Steel India, Jindal Steel & Power (JSPL), and others have lined up mega capacity additions and greenfield steel plants in the mineral-rich state. With abundant iron ore reserves, proximity to ports, and a proactive industrial policy, Odisha is emerging as the preferred destination for steelmakers.
The cumulative capacity from these investments is expected to cross 150 million tonnes per annum (MTPA) by 2031, significantly contributing to India’s target of 300 MTPA national steel capacity. Additionally, several green steel initiatives and value-added product units are in the pipeline, positioning Odisha at the heart of India’s sustainable and high-tech steel future.
Odisha’s Chief Minister has called it a “historic opportunity to create jobs, boost exports, and power India's infrastructure growth.”
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