Jindal (India) gets green light for ₹3,600 Cr steel plant in Odisha

THEBUSINESSBYTES BUREAU

NEW DELHI, JULY 7, 2025

Jindal (India) Limited, a key entity of the B.C. Jindal Group and a major player in downstream steel products, has received a Letter of Approval (LoA) to set up a ₹3,600 crore greenfield steel manufacturing plant in Dhenkanal, Odisha. The project, approved by the High-Level Clearance Authority (HLCA) under the chairmanship of Chief Minister Mohan Charan Majhi, marks the first phase of the company’s ambitious ₹15,000 crore investment plan in the state by 2030.

The upcoming facility, to be developed by Jindal India Steel Tech Limited (JISTL) — a wholly owned subsidiary of Jindal (India) — will produce high-grade coated steel products. The plant will house a Cold Rolling Mill (CRM), a Continuous Galvanizing Line (CGL), and a Colour Coating Line (CCL), with a planned annual capacity of 9.6 lakh metric tonnes (MT). Phase 1 is expected to be operational by 2027.

By 2030, the company aims to scale up the plant’s total capacity to 30 lakh MT per annum in flat steel products. Additionally, JISTL will set up a steel pipe manufacturing facility with a projected capacity of 2 lakh MT per year.

A company spokesperson said, “This strategic investment strengthens our commitment to Atmanirbhar Bharat and contributes to the vision of a Viksit Bharat by 2047. The facility will not only boost our manufacturing capabilities but also reduce import dependence and create employment opportunities in Odisha.”

In FY26, the company plans to drive growth by focusing on high-value products like colour-coated sheets and expanding its downstream portfolio.

Jindal (India) Limited currently operates advanced manufacturing facilities in Howrah, West Bengal, equipped with galvanizing, colour coating, and galvalume capabilities. It is a market leader in colour-coated sheets in Eastern India with brands like Jindal Sabrang and Jindal NeuColour+, and has a pan-India presence.

In FY25, the company had announced an additional ₹1,500 crore investment to boost its steel production, slated for completion by FY26.

Founded in 1952, Jindal (India) Limited is part of the ₹18,000 crore B.C. Jindal Group, a diversified conglomerate engaged in packaging films, energy, steel, and now, renewable power generation and solar manufacturing.