THEBUSINESSBYTES
BUREAU
NEW DELHI,
JULY 10, 2026
Industrialist and
Member of Parliament Naveen Jindal on Friday announced an investment of over ₹70,000 crore in Jharkhand across
steel, nuclear and renewable energy projects, underlining the group's long-term
commitment to expanding India's manufacturing base and
clean energy capacity.
The investment
proposal was formalised through a memorandum of understanding (MoU) signed
between the Naveen Jindal Group and the Jharkhand Government.
The proposed outlay
includes ₹40,000
crore for steel projects that are expected to strengthen
Jharkhand's manufacturing ecosystem and generate around 10,000 direct jobs. The
expansion is also likely to spur significant opportunities for MSMEs,
downstream industries and local entrepreneurs.
In a major
diversification initiative, the group plans to invest ₹30,000 crore in nuclear energy
projects, signalling its entry into one of India's emerging growth sectors.
Jindal said dependable and affordable electricity is critical to sustaining
industrial
expansion, adding that nuclear power would provide clean, reliable,
round-the-clock energy while supporting the growth of high-value sectors such
as data centres and advanced manufacturing.
The investment
blueprint also includes ₹650
crore for solar power projects, reinforcing the group's
commitment to renewable energy and supporting Jharkhand's clean energy
transition.
Announcing the
investment, Jindal said Jharkhand's abundant natural resources, skilled
workforce, strategic location and strong industrial ecosystem make it a
preferred destination for long-term investments.
He said the fresh
commitment would deepen the group's partnership with the state while
contributing to its industrial and economic transformation.
According to the company, the proposed projects are expected to create more than 11,000 direct employment opportunities, besides generating several thousand indirect jobs across construction, logistics, manufacturing, services and allied sectors.
"The proposed investments reflect our confidence in Jharkhand's growth story. They will expand industrial capacity, create quality employment and strengthen the state's contribution to India's manufacturing competitiveness and clean energy ambitions," Jindal said.
