JSW Group, a part of O.P.Jindal Group
is planning to invest Rs.7,525 crore in Tamil Nadu in steel and power projects.
This includes:
- Mining and beneficiation plants
will be set up to use the iron ore available at Kanjamalai in Salem and
Thiruvannamalai districts, with an investment of Rs.400 crore.
- Doubling of its steel making
capacity at the existing SISCOL steel plant to two million tpa at an
investment of Rs.3,000 crore as soon as iron ore production from the two mines
commences.
- To set up a one million tpa slag
grinding plant at the existing SISCOL plant costing Rs.125 crore.
- Setting up a 1,000 MW power plant
with an outlay of Rs.4,000 crore. JSW Energy, a subsidiary of the JSW Group
will be implementing the proposed power project, based on both merchandise and
PPA model. Since the project being coal-based, the company will preferably set
up the plant near a port.
Also See:
Land acquisition
completed for JSW's steel project in WB (21-Nov-07)