RAIPUR: Jindal Steel Chhattisgarh Ltd, a unit of industrial powerhouse JSPL with a presence in steel, mining and power, has inked a significant memorandum of understanding (MoU) with the Chhattisgarh government for multiple projects.
Aimed at driving economic growth, generating employment, and fostering sustainable industrial development, the agreements were signed for the projects including a 500 MW solar power plant, a 2400 MW thermal power plant, and a steel plant with a capacity of 7.5 million tonnes per annum (MTPA).
A proposed investment of Rs 1,05,358 crore will be allocated for the projects in Raigarh, the company stated.
Jindal Steel Chhattisgarh Ltd will set up a 7.5 MTPA integrated steel plant with an investment of Rs 73,000 crore. Jindal Power Ltd will set up a 3x800 MW thermal power plant with an investment of Rs 30,780 crore and a 500 MW solar power plant with an investment of Rs 1,578 crore.
The MoU ceremony was attended by Chief Minister Vishnu Deo Sai, Industry Minister Lakhan Lal Dewangan, and Secretary - Industries and Commerce, Rajat Kumar, along with other senior officials.
“The state has effectively transitioned from ease to speed of doing business as over 350 reforms have already been implemented to make the investment process seamless,” said the CM.
The state’s new industrial policy has received encouraging investment proposals from several key conglomerates from diverse sectors.
“Besides local employment and strengthening the state’s economy, we are committed to promoting industrial infrastructure in Chhattisgarh,” said Pradeep Tandon, Executive President, Jindal Group in Chhattisgarh. The upcoming projects under industrial investments will create new development opportunities for the local community and the state’s industrial growth, he added.
The establishment of steel and power plants is considered vital for manufacturing, infrastructure, and energy generation, driving economic growth.