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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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