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Orissa gets the maximum investment for steel sector

Orissa government has entered into an MoU with 49 players for setting up steel projects. Of this, 20 players have achieved financial closures. These include Bhushan Steel Ltd, Maithan Ispat Ltd, Eastern Steels and Power Ltd, Aarti Steels, Adhunik Metalliks, Visa Steel, Sree Metaliks, JSL (formerly Jindal Stainless), Jindal Steel & Power Ltd (JSPL), OCL Iron & Steel Ltd and SMC Power Generation Ltd to name a few. If all the 49 MoU’s go through it will add 83.66 million tonnes (mt) of steel capacity and will receive 2.3 lakh crore investment in the state. These steel companies are also adding 1062 MW of captive power generation capacity. It may be noted, many companies like Visa Steel, Sree Metaliks, Jai Balaji Jyoti Steels, Beekay Steels, SPS Steel & Power have started production partially which could add up to 7.74 mt.

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