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The Naveen Jindal owned Jindal Steel & Power Ltd (JSPL), which is building a six million tonne per annum (mtpa) greenfield steel plant at Angul, expects to commission two mtpa capacity of the project by April this year.
The plate mill of our proposed six mtpa is ready. We think we will be able to commission two mtpa capacity of the steel plant by April this year, said a senior JSPL official.
The state government through its nodal agency for land acquisition- Industrial Infrastructure Development Corporation of Odisha Ltd (Idco) has allotted 970.34 acres of government land and 2,819.64 acres of private land for JSPLs integrated steel and power complex.
Once the plant is fully operational, it is expected to absorb 9,580 persons including 920 people in the managerial cadre, 220 technical officers, 3,750 skilled people and 4,690 in semi-skilled and other categories. JSPL had signed MoU (memorandum of understanding) with the state government for developing a six mtpa steel plant in November 2005 at an investment of Rs 22,420 crore.
JSPL has committed an investment of Rs 500 crore for a downstream industrial park in the state.
The steel company has already signed a Memorandum of Understanding (MoU) with the state government for setting up the park at Parang in Angul district. The downstream industrial park is expected to attract investments of Rs 5,000 crore besides generating employment opportunities for 32,000 people, both direct and indirect. The park may also generate tax revenue worth Rs 700 crore per annum for the state government.
The company is keen on establishing a captive port facility at Bahuda Muhan, about 30 km south of the existing Gopalpur port and 18 km from Berhampur.
The port involves a capital cost of Rs 1,424.4 crore while its operational cost is pegged at Rs 152 crore per annum.
The captive port is designed to handle Capesize vessels (150,000 dead weight tonnage) for coal and coke and Handymax vessels (50,000 dead weight tonnage-dwt) for general cargo.
Phase-I of JSPLs captive port is scheduled to be operational by 2017.