Jindal Steel and Power Ltd (JSPL) will set up a private industrial park at Angul. To come up adjacent to JSPL’s 6 million tonne steel plant, this will be Odisha’s first private industrial park.
The facility, spread over 500 acres of land, will mainly house steel downstream, ancillary and chemical units.
Quoting sources, a Business Standard report said while JSPL will spend about Rs 6 billion to develop the park, it expects the facility to attract investments to the tune of Rs 100 billion in the form of establishment of various units in the complex.
“JSPL will provide the necessary raw materials for downstream steel units in the park. Besides, with the Angul plant using coal gasification route to make steel, the by-products of this unique process can be used as feed for a variety of chemical industry”, the sources were quoted as saying.
Image Credit : jindalsteelpower.com