Jindal (India) Limited Gets HLCA Approval for Rs 3,600 Cr Steel Plant in Odisha; Company to Invest Rs 15,000 Cr by 2030
Jindal India Ltd to set up a greenfield steel plant in Odisha with a total investment of Rs 15000 crore by 2030 to boost domestic production and generate employment.
Jindal India announces Rs 3600 crore phase one investment for new steel plant in Dhenkanal Odisha
Mumbai, July 7, 2025: Jindal (India) Limited, part of the B.C. Jindal Group and one of India’s leading downstream steel product manufacturers, has received Letter of Approval (LoA), through its wholly owned subsidiary, Jindal India Steel Tech Limited (JISTL), for setting up a green-field steel manufacturing plant in Dhenkanal, Odisha. The company received the project approval during the High-Level Clearance Authority (HLCA) meeting, chaired by the Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi. Jindal (India) Limited’s JISTL plans to invest a total of Rs 15,000 crore in Odisha in three phases by 2030, with the current Rs 3,600 crore investment marking the first phase of the project.
As part of this strategic expansion, the company’s state-of-the-art facility will focus on manufacturing special coated steel products. The plant will feature coating facilities such as a Cold Rolling Mill (CRM) with a Continuous Galvanizing Line (CGL) and a Colour Coating Line (CCL) for steel sheets with multiple high potential downstream products with total capacity of 9.6 lakh MT per annum, will also be manufactured. This phase will be commissioned by 2027. In parallel, JISTL will enhance the total capacity of the Odisha plant to 30 lakh MT per annum in the flat product division by 2030.
Speaking on the occasion, a company spokesperson said, “This move aligns with our endeavor to support the Government’s Atmanirbhar Bharat initiative and to contribute to India’s vision of a ‘Viksit Bharat’ by 2047. Along with enhancing the company’s domestic manufacturing capabilities, the green-field manufacturing plant will reduce reliance on imports and generate employment opportunities in the state. The modern facility will also strengthen Jindal (India) Ltd.’s footprint in Odisha’s growing industrial sector.”
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Jindal (India) Limited, will also establish a steel pipe manufacturing facility that will have an estimated annual production capacity of 2 lakh MT per annum. The project marks Jindal (India) Limited’s strategic expansion in the Indian steel manufacturing sector, reiterating its commitment to industrial growth in the region.
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Jindal (India) Limited has two state-of-the-art factories located at Howrah, West Bengal and its capabilities include advanced colour coating, galvanizing, and galvalume technologies. The company offers a comprehensive range of products across three major divisions that include sheets, pipes, and aluminum foil. With strong brands like Jindal Sabrang and Jindal NeuColour+, Jindal (India) Limited dominates the colour-coated sheets market, particularly in Eastern India, and maintains a significant presence across the country. In FY25, the company had announced an investment of over Rs 1,500 crore to expand its steel production capacity, with completion targeted for FY26.
Jindal (India) Limited, founded in 1952, is part of B.C. Jindal Group, a leading Indian conglomerate. With over Rs 18,000 crore turnover, the group is engaged in diverse portfolio of businesses like Packaging Films, Energy & Steel products. Recently, the BC Jindal Group has also ventured into renewable power generation, solar cells and module manufacturing businesses.
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