Navin Jindal-owned Jindal Steel and Power Ltd (JSPL) has lined up Rs 8,000-crore additional investment for its Odisha operations. The money will be spend on addition of a blast furnace to take its Angul steel plant capacity to 6-million tonne, setting up of a cement plant, laying of slurry pipeline to carry iron ore from mines to steel plant and setting up of a pellet plant.
At present, JSPL has a two million tonne steel making facility at Angul through sponge iron route. To produce sponge iron, the company had set up a DRI plant based on coal gasification technology, the first of its kind in the country, that aimed to use locally available high ash coal for direct reduction of iron. It has already invested more than Rs 30,000 crore on the project.