BHUBANESWAR: The steel making capacity of Jindal Steel and Power Limited (JSPL) has more than doubled after the commissioning of the Angul plant, JSPL chairman Naveen Jindal said here.
Jindal who met chief secretary Aditya Prasad Padhi in the state secretariat here said the company is planning to produce six million tonne of steel in India and more than 1.5 million tonne in Oman this year.
The JSPL chairman said the company will be inching closer to reach the break even for Angul facility with the commissioning of the basic oxygen furnace in October. However, production front will be more vibrant from July, 2017. "From July itself, we will start doing much better and will start producing two lakh tonne per month at Angul," he added.
JSPL is sourcing most of its Iron Ore requirement from Odisha. The Company is mostly dependent on imports for coal. "We are importing 100 percent of coking coal that we require. Fifty percent of coal required for power generation is also being imported. We have been requesting the State Government to improve raw material availability in the state," he said.
The six million tonne capacity steel making facility at Angul will produce various types of plates, TMT Re-bars and Billets. "We are making various types of steel plates which are upto 5 meter wide and can be used for ship building, tank making and other defence manufacturing, wind mill towers making, large construction and other related industries," he said.
Jindal said the company will also produce billets which can be exported and used in its factory in Jharkhand. Besides the chief secretary, Jindal met Principal Secretary in the water resources department Pradeep Kumar Jena and other senior government officials of the State Government.