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Orissa Steel Projects

Maithan Ispat setting up an integrated steel plant at Kalinganagar

Maithan Ispat setting up an integrated steel plant with a capacity of 0.2 mtpa at Kalinganagar in Dubmi, Dasmania Jakhapura, Jajpur in Orissa with an investment of Rs. 3876 million. During the process, rolled products (1,98,000 TPA) as main product and sponge iron (2,17,000 TPA) as intermediate product will be manufactured. A Captive Power Plant (30 MW) will also be installed to generate power. Steel Melting Shop and Rolling Mill will be established to produce 1,98,000 TPA angles and channels. Sponge Iron (2,17,000) will be produced as intermediate product using DRI process. 2 Waste Heat Recovery Boiler (WHRB) to produce 14 MW electricity and one Atmospheric Fluidized Bed Combustion (AFBC) boiler to generate 16 MW power will also be installed.

Jindal Stainless Steel project in Kalinganagar Orissa to be commissioned by mid 2012

Jindal Stainless Steel (now JSL) is expected to commission its greenfield steel project by mid 2012. The project was delayed due to bleak market conditions has achieved financial closure last year but is raising new funds of around Rs.5000 million by GDR to plug the shortfall in liquidities in the project. The plant will produce 8 lakh tonnes of stainless steel. The company is also setting up a 250 MW captive power plant and total investment in this project is estimated at Rs.57000 million.

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