Jindal steel plant to be commissioned in 2010

BHUBANESWAR: Jindal Steel and Power Ltd is optimistic about commissioning the first phase of the proposed six mtpa steel mill in Orissa's Angul district by October 2010.

JSPL Executive Vice-Chairman and Managing Director Naveen Jindal, who met Chief Minister Naveen Patnaik here, told reporters that the work for the first phase of the project was progressing well.

The company had already spent Rs 4,000 crore so far for it and has placed an order for equipment for the purpose.

Of its total project cost of Rs 13,135 crore, JSPL had also spent a lot on land, construction, equipment and other activities, he said.

Jindal said JSPL has a small iron ore mine at Tensa in Keonjhar district and is hopeful of getting raw material linkage to its Angul project. "We have been allotted coal block for the requirement of our captive power plant and the steel plant," he added.
He said the company apprised the chief minister about the progress and made a presentation before him, while seeking the state government's help in availing new raw material linkage early.

The JSPL which signed an MoU with the state government for setting up a beneficiation plant at Deojhar in Keonjhar district and the Angul steel plant on November 11, 2005, had progressed well besides tackling local problems, he said.