Jindal Steel and Power Ltd is planning to expand its Angul plant capacity significantly to 25.2 million ton, which will make the Odisha facility the single biggest steel plant in the world.
The JSPL top management team led by chairman Naveen Jindal made a presentation on JSPL’s roadmap for 2030 to Minister of Steel, Dharmendra Pradhan recently.
It was presented that JSPL will have 50.40 mtpa capacity by 2030.
“The plan to increase JSPL’s steel plant capacity in Angul, Odisha more than fourfold to 25.2 mtpa, and make it the biggest single location steel plant in the world will fuel the development of eastern India in line with Mission Purvodaya,” the minister twitted.
JSPL would be focusing on making Green Steel, as it moves towards achieving the envisioned capacity of 50 mtpa by 2030, the minister said adding that he suggested the JSPL team to focus on more value addition to low-grade fines, upgrade mining capacity and facilitate development of capital goods and steel ancillary clusters.
The JSPL team, led by Naveen Jindal, consisted of MD VR Sharma, Venketesh Jindal, A R Sinha, Hemant Kumar and Kapil Mantri who gave presentation to the steel minister, steel Secretary P K Tripathi, Additional Secrtary Rasika Chaubey, joint secretary Ruchika Govil and other senior officers of the ministry.
While Angul capacity will touch 25.2 mtpa, Raigarh plant will be elevated to 12.24 mtpa.
Patratu and Krishanapatanam will be 6.30 mtpa each.
This story is from the January 2021 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2021 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
