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India: JSPL mulls INR 18k cr investment to boost capacity at Angul

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8 Nov 2021, 13:07 IST
Steel Mint Intel

Jindal Steel and Power Ltd (JSPL) is likely to invest INR 18,000 crore to ramp up its steelmaking capacity to 12 mn t at Angul by CY'23. The expansion, which includes a 4.25 mn t/year blast furnace, 2.7 mn t DRI, and 6.3 mn t SMS facilities, would be carried out through internal accruals. JSPL plans to increase capacity to 15 mn t by 2025.

8 Nov 2021, 13:07 IST
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