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Jindal trifurcates mega steel plant project

Wednesday, 27 Apr 2005
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The OP Jindal Group has decided to split its proposed mega steel plant in West Bengal into three plants spread over West Bengal and Jharkhand. The group had outlined a 5 million tpa integrated steel plant in West Bengal with iron ore requirements to be met from Jharkhand. Prompting the latest move is Jharkhand's refusal to part with iron ore without substantial local investment. 

According to the revised plan, Jindals will set up a Rs.2,000 crore plant in Jharkhand and two plants costing Rs.5,000 crore each in West Bengal. Finer details are not yet available.

Also See:

Jindals plan mega steel plant in West Bengal (5-Nov-04)

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