JSPL to invest Rs 500 cr on downstream park

This is the latest in a string of investment plans announced by the company in the state which includes a greenfield steel plant, a coal to liquid project and a proposed deep sea port.

The steel company on Tuesday signed a Memorandum of Understanding (MoU) with the state government for setting up the park at Parang in Angul district. The downstream industrial park is expected to attract investments of Rs 5,000 crore besides generating employment opportunities for 32,000 people, both direct and indirect.

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