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JSPL inks pact for industrial park in Orrisa

JSPL inks pact for industrial park in Orrisa
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First Published: Tue, Nov 15 2011. 08 13 PM IST

File photo
File photo
Updated: Tue, Nov 15 2011. 08 13 PM IST
Bhubaneswar: The Jindal Steel and Power Ltd (JSPL) on Tuesday signed an agreement with the government in the country’s eastern state of Orissa to set up an industrial park, state industries secretary P. Ramachandru said.
File photo
The industrial park for downstream industries is planned over an area of 1,400 acres in Angul at an investment of Rs 500 crore ($99 million), Ramachandru told Reuters.
The park is expected to become operational from 2013-14.
JSPL is setting up a six million tonne per annum (MTPA) integrated steel plant in the same region.
The firm said in a separate statement that the first phase of the plant, with capacity of two MTPA is expected to be commissioned by June 2012.
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First Published: Tue, Nov 15 2011. 08 13 PM IST