Jindal Steel & Power has signed an memorandum
of understanding with the government of Orissa for setting up a 2 million tpa
steel plant and a 80,000 tpa ferro alloy plant.
The project to entail an investment of Rs.3,500
crore would come up at Keonjhar district of Orissa by 2011. The project
would also include a 200 MW captive power plant.
According to the MoU, the company would set up an
integrated steel plant and the state government would provide necessary
assistance for implementation of the project.