The Chhattisgarh Government signed MoUs for investments worth Rs 1.22 lakh crore.

The state government signed as many as 260 MoUs in the two days of the Global Investors Meet. These MoUs include Rs 50,000 crore pact with Jindal Steel and Power (JSPL) and Rs 5,000 crore agreement with SAIL. JSPL plans to invest Rs 50,000 crore in the state in the next 10 years. JSPL is aiming at having 20 million tpa steel making capacity by 2020 and power generation capacity of over 21,000 MW (together with its subsidiary Jindal Power). The company has already invested Rs 25,000 crore in the state. The company intends to expand its existing 1000 MW thermal power plant at Raigarh in the state to 2,400 MW.

SAIL is planning to augment the capacity of its Bhilai steel plant from four million tpa to 10 million tpa. It has already invested $12 billion (approx Rs 64,800 crore) in the state and another $ 8 billion (approx Rs 43,200 crore) is in the pipeline.

Further, Vedanta Resources announced that the company plans to increase the capacity of its BALCO unit from one lakh tpa to seven lakh tpa soon. The company is keen to acquire up 10 per cent stake in any aluminium facility which would process the aluminium produced at BALCO. Vedanta Resources is also enhancing the capacity of its 1,200 MW power plant, to feed the aluminium unit, to 2,000 MW.