Construction Industry News
"Work is progressing very well at the site our proposed steel plant at Angul and we are getting good support of the locals. We expect the plate mill to be operational by August this year. This plate mill having a width of six metres will be the highest plate mill for any steel plant in the country”, Naveen Jindal, vice chairman and managing director, JSPL told reporters after emerging out of a meeting with the state Chief Minister Naveen Patnaik.
JSPL will also be setting up a downstream industrial park at the site of its steel project that will be creating employment opportunities for 20,000-25,000 people through the ancillary units, he informed.
“By 2020, JSPL would be investing around Rs 120,000 crore making it the biggest investor in Orissa. Apart from steel plant, captive power plant, downstream industrial park and Coal to Liquid (CTL) project, we will be setting up a power training institute, a medical college and vocational training institute. The medical college is expected to be functional within five years”,
The CTL project is being taken up at a cost of Rs 60,000 crore and it will have a refining capacity of four mtpa and an oil production capacity of 80,000 barrels per day.
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