Jindal India Secures ₹3,600 Crore Clearance for Odisha Steel Project

Jindal India Secures ₹3,600 Crore Clearance for Odisha Steel Project

Bhubaneswar, July 7, 2025 – In a key boost for downstream steel production, Jindal (India) Ltd (a wholly-owned subsidiary of Jindal India Steel Tech Ltd, JISTL) has received formal approval from the Odisha government for a ₹3,600 crore greenfield steel plant. The nod, issued by the High‑Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi, paves the way for the installation of a specialized hot steel processing facility in the state.

Project Highlights and Capacity

• Core Investment: ₹3,600 crore allocated for the first phase under JISTL.
• Scope: The plant will encompass a Cold Rolling Mill (CRM), Continuous Galvanizing Line (CGL), and Colour Coating Line (CCL), earmarked for high-value downstream steel products such as coated sheets.
• Annual Capacity: Installation supports 960,000 metric tonnes (9.6 lakh MT) per year; fully commissioned by 2027.

In the long run, JISTL intends to ramp up capacity to 3 million MT per annum (30 lakh MT) in flat products by 2030—a substantial expansion aligning with the broader ₹15,000 crore Odisha investment planned across three phases.

Strategic Relevance and Domestic Impact

The project aims to reduce India’s import reliance for coated steel sheets, bolster domestic manufacturing, and fortify Jindal’s presence in Odisha’s downstream segment. A company spokesperson emphasized its focus on:

• Self-sufficiency: Catering to “special coated steel products” and enhancing the value chain.
• Job generation: Initial phase to create local employment through construction and plant setup, extending to operations and support services.

While exact employment figures remain pending, comparable downstream ventures in the state typically generate hundreds of direct jobs and potentially thousands in ancillary industries.

Odisha’s Investment Landscape: Fertile Ground for Growth

The approval is part of a larger investment ecosystem cultivated by Odisha’s HLCA, which recently greenlit eight major projects totalling ₹151,000 crore across diverse sectors. Among notable approvals:

• Vedanta’s ₹1.28 lakh crore aluminum smelter+
• SRF Ltd‘s ₹10,000 crore chemicals plant
• Shyam Steel‘s ₹2,490 crore steel & CPP industrial hub
• Value-add mills from Star Metal and Supreme Metals
• Linde and Sportking’s units across metal and textiles sectors

Collectively, these approvals signal an investment cycle in Odisha at a ₹567,000 crore scale, aimed at generating 240,000+ jobs to support the state’s industrial vision .

How Jindal’s Odisha Strategy Fits In

Jindal (India) Ltd’s ₹3,600 crore project is the first breakthrough under its ₹15,000 crore commitment to Odisha by 2030, covering CRM, galvanizing, and colour-coating capacities across three phases.

This phase is followed by larger downstream expansions by JISTL to upscale annual flat product capacity to 30 lakh MT—a strategic advantage given rising steel product demand in sectors such as automotive, appliances, and infrastructure.

Tapping into the Angul Advantage

Although Jindal’s flagship Angul integrated steelplant is managed by JSPL (Jindal Steel & Power Ltd), JISTL’s Odisha venture complements JSPL’s existing operations—leveraging regionally abundant raw materials and infrastructure. Notably:

• JSPL is doubling Angul’s capacity from 6 MTPA to 12 MTPA in 2025 with plans to reach 25.2 MTPA by 2030.
• Investment commitments totaling ₹70,000 crore plus into Angul, reinforcing Odisha as a green steel production hub via coal-gasification and hydrogen technologies.

Together, the integrated upstream/downstream strategy positions Jindal’s Odisha footprint as a linchpin in India’s steel modernization narrative.

Economic Momentum and Community Transformation

Beyond capital allocation, Jindal’s broader Odisha presence—especially JSPL—is marked by ongoing investment in local social infrastructure: ₹900 crore in healthcare, education, skills training, women empowerment, rural livelihoods, sports, and arts over the past decade.

Further, JSPL’s Angul expansion is expected to support coal-gasification-based direct-reduced iron (DRI) production—reducing dependence on imported coking coal and minimizing carbon emissions. The CSR investment and eco-conscious production align with Odisha’s vision for sustainable industrial growth.

Outlook and Policy Synergy

• Policy alignment: Odisha’s HLCA approval under CM Majhi underscores the government’s unwavering support for large-scale industrial projects.
• Timeline: The ₹3,600 crore phase is targeted for commissioning by 2027, with future expansion underway toward 2030.
• Investor sentiment: Bolstered by a stable policy environment, substantial infrastructure, and resource availability, Odisha remains a magnet for both domestic and international investors, as seen during the Utkarsh Odisha Conclave’s spectacular ₹16.73 lakh crore interest.

Expert Take and Community Reactions

Local analysts, speaking anonymously, point out that the coated-steel capacity is likely to feed multiple downstream sectors—ranging from home appliances to solar panels—paving the way for Odisha’s steel ecosystem to climb the value chain.

While Jindal (India) Ltd’s initial announcement did not include its corporate symbol on letters, the Odisha bureaucracy clarified this was to preserve neutrality and avoid brand bias in formal approvals.

Summary Table: Project Overview

Jindal’s ₹3,600 crore project marks the start of Odisha’s value‑added steel era—forward‑looking, policy‑backed, and infrastructure‑rich.

Key milestones to watch:

1. Groundbreaking and plant construction.
2. Timely commissioning by 2027.
3. Expansion phases leading to 30 lakh MT capacity by 2030.
4. Positive ripple effects across manufacturing, logistics, and consumer sectors.

As Jindal (India) Ltd readies its downstream facility, Odisha reinforces its status as India’s emerging steel powerhouse—a compelling tale of industrial synergy, green ambitions, and regional development.