Jindal Steel and Power (JSPL) is planning to set up two new bar mills at its existing steel making facilities at Angul in Orissa, and at Oman.

The company plans to invest Rs 2,000 crore in both the facilities. Each mill will have a capacity of around 1.4 million tonne. The bar mill proposed in Oman is scheduled to be completed in the next 18 months, while the unit at Angul is slated to be commissioned in 27 months.

Currently, the company has 1.6 million tonne capacity which it expects to expand to 4.5 million tonne by setting up two new bar mills.

In August 2013, the company had unveiled the new retail brand 'Jindal Panther TMT Rebars', a steel product used in building construction.

Meanwhile, the company is also investing Rs 125 crore in setting up head hardening facilities at its rail making unit at Raigarh in Chhattisgarh. The unit is part of JSPL's strategy to get into high value product categories and is expected to be completed by January 2014.