Jun. 5, 2017 - The JSPL-owned biggest integrated steel plant of Odisha was made operational with the commissioning of the country’s largest blast furnace on May 27, 2017.

Inaugurating the state of the art six mtpa steel plant of JSPL, Odisha Chief Minister Naveen Patnaik said “as India looks to reach steel manufacturing capacity of 300 million tons by 2030, I am proud to note that more than 20 per cent of the country’s steel shall continue to be produced from our state.” Stating that the state government is committed to provide all support to the steel industry, he said “we have added more than 16 mtpa steel making capacity in the state since 2005.”

JSPL Chairman Naveen Jindal said the plant was set up at an investment of about Rs 33,000 crore and it would enable the company to overcome its loss in the aftermath of the coal block cancellation. He said Jindal Steel & Power Limited would start earning and play significant role in the development of the state, and production of JSPL would increase substantially with commissioning of the new blast furnace at Angul and the effort would be to make the company debt-free in the next about five years.

The plant with its 4,554 cubic meter blast furnace will make Odisha the fourth largest steel maker in the country. With this, JSPL also becomes the first company to complete this mega steel project as per its commitment in the memorandum of understanding with the government of Odisha.In 2005, JSPL signed an MoU with the Odisha government to build the mega steel plant. JSPL’s overall capacity of steel production has been enhanced to 10.75 mtpa, company sources said.