JSW keen to set up 15,000cr steel plant in Ken­dra­para

The Political and Business Daily - - ODISHA FOCUS - PBD BUREAU BHUBANESWAR, J ULY 29

IN what could bring cheer for peo­ple of Ken­dra­para, JSW Steel pro­moted by Sa­j­jan Jin­dal to­day pro­posed the state govern­ment to in­vest about Rs 15, 000 crore to set up a steel plant in the coastal dis­trict.

This was re­vealed by JSW Steel Man­ag­ing Di­rec­tor (MD) Sa­j­jan while meet­ing Chief Min­is­ter Naveen Pat­naik at sec­re­tariat here to­day.

“It was an ex­ploratory visit of JSW to set up steel pro­ject in Odisha. Af­ter ex­plor­ing some other places, we found that Ken­dara­para suits our needs the best,” Jin­dal told me­dia per­sons here af­ter meet­ing Chief Min­is­ter Naveen Pat­naik. He was ac­com­pa­nied by Ken­dra­para MP Ba­ji­jayant Panda.

Jin­dal said the com­pany ze­roed in on Ken­dara­para due to its prox­im­ity to two ports – Pa­radeep and Dhamra – which he said would fa­cil­i­tate the easy trans-

Odisha is best for steel

in­dus­tries across the coun­try since it has raw

ma­te­rial, skilled man­power and also govern­ment sup­port. It is dif­fi­cult to say any­thing con­crete about the size at this stage since this is only an ex­ploratory visit. The size of the plant would de­pend on a host of fac­tors

and will be clear af­ter six months

port of fin­ished ma­te­ri­als through the sea route.

Asked about the size of the pro­posed plant, he said, “It is dif­fi­cult to say any­thing con­crete about the size at this stage since this is only an ex­ploratory visit. The size of the plant would de­pend on a host of fac­tors and will be clear af­ter six months.”

The JSW head was also non-com­mit­tal on when the com­pany would sign the MoU with the state govern­ment. “The Chief Min­is­ter was very sup­port­ive of the pro­posal and has asked us to get back af­ter fi­nal­is­ing things,” he said.

“Odisha is best for steel in­dus­tries across the coun­try since it has raw ma­te­rial, skilled man­power and also govern­ment sup­port,” said the JSW MD.

Panda said an­other fac­tor that makes Ken­dara­para an at­trac­tive des­ti­na­tion for the Jin­dals is the fact that the Pa­radeep- Hari­daspur rail­way line is fast near­ing com­ple­tion. “This would fa­cil­i­tate easy trans­port of raw ma­te­ri­als from the iron ore belt,” said Panda who made an aerial sur­vey of the area with Jin­dal ear­lier to­day.

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