Jindal Steel and Power Ltd (JSPL) is going
ahead with the Rs 30,000-crore, 6-million-tonne steel and power project
at Angul in Odisha despite not having access to iron ore mines.
The Naveen Jindal
company will complete setting up a 1.8-million-tonne (mt) capacity in
the first phase in the next 3-4 months. Orders to build the next phase
of 4mt capacity are also in place.
“We do not want to
commit investment unless absolutely sure about mines in our steel and
power projects. However, in Odisha, it is not the case,” Ravi Uppal,
managing director of JSPL, said.
