The Orissa government is reportedly planning to sign seven MoUs for steel projects in the state, on 4 November 2005. The total investment envisaged is around Rs.30,000 crore.

This will take the total number of metals-related MoUs signed by the Orissa government to 44, with aggregate investment of Rs.1.8 trillion.

The seven companies in question are Jindal Steel & Power, Bhushan Steel & Strips, Rungta Mines, Status Steel Indian, Brand Alloys, Jaya Balaji, Jyoti Steels and Eastern Steel & Power.

The largest MoU to be signed would be that of Jindal Steel & Power, which is planning to increase the capacity of its earlier-proposed steel project from 2 million tpa to 6 million tpa. The project would also include a 900 MW captive gas-based power plant. The total investment in the project would be Rs.13,135 crore. It will come up in the Angul district, as against the earlier-proposed Keonjhar. The MoU for the original project (2 million tpa) was already signed in October 2004.

Also See:

Steel rush: Orissa clears new projects (29-Sep-05)