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Jindal (India) Bets Big On Eastern India, To Invest Rs 5100 Cr In West Bengal And Odisha

Jindal (India), part of the BC Jindal Group, is all set to expand its Howrah steel plant in West Bengal with Rs 1,500-crore investment. Already operating two plants in the state producing a range of steel-based downstream products, the group will significantly enhance its production capabilities with this addition. The Jindal Group’s latest investment aligns with its broader plan to scale up steel production across India, aiming to invest Rs18,000 crore over the coming years to enhance overall manufacturing capacity. The new Rs 1,500-crore downstream facility in West Bengal, with an annual capacity of 0.6 million tonnes, is expected to boost the company’s existing capacity by 60%, significantly increasing production of coated flat products, pipes, and crash barriers. According to the company, the commissioning of the new cold rolling complex marks the completion of a key phase in the expansion project, raising Jindal India’s total downstream steel capacity from 1 million to 1.6 million tonnes annually. Currently, Jindal India operates two advanced West Bengal facilities specialising in cutting-edge colour coating, galvanising, and galvalume technologies, further strengthening its position in India’s steel sector. Beyond West Bengal, the company, through its subsidiary, Jindal India Steel Tech is setting up a greenfield steel manufacturing plant in Dhenkanal, Odisha. JISTL plans to invest a total of Rs 15,000 crore in Odisha in three phases by 2030, with the current Rs 3,600 crore investment marking the first phase of the project.