Latest news with #JindalSteelChhattisgarhLtd
New Indian Express
09-07-2025
- Business
- New Indian Express
Investment in aerospace, defence and space
Mineral and agriculture-rich Chhattisgarh looks to be the new bastion of technological innovation and strategic industries. Under its new industrial development policy for 2024-30, the state has taken momentous decisions to attract investment in strategic sectors, including defence, aerospace, and space technology. These decisions include state GST reimbursement of up to 100%, as well as substantial subsidies and other facilities. The Cabinet has announced a separate industrial incentive package for these advanced technologies, cited as a decisive step towards encouraging the establishment and expansion of cutting-edge industries. MoU on multiple projects to boost growth In an MoU with the government, Jindal Steel Chhattisgarh Ltd proposes to invest Rs 1,05,358 crore for multiple projects in Raigarh. The projects aim to drive economic growth, generating employment and fostering sustainable industrial development. They include a 500-MW solar power plant, a 2,400-MW thermal power plant, and a steel plant with an annual capacity of 7.5 million tons. These are vital for manufacturing, infrastructure, and energy generation, driving the state's economic growth. The new industrial policy has attracted encouraging investment proposals from several key conglomerates across diverse sectors.
New Indian Express
03-07-2025
- Business
- New Indian Express
Jindal Steel Chhattisgarh Ltd signs MoU with state government for projects worth Rs 105358 crore
RAIPUR: Jindal Steel Chhattisgarh Ltd, a unit of industrial powerhouse JSPL with a presence in steel, mining and power, has inked a significant memorandum of understanding (MoU) with the Chhattisgarh government for multiple projects. Aimed at driving economic growth, generating employment, and fostering sustainable industrial development, the agreements were signed for the projects including a 500 MW solar power plant, a 2400 MW thermal power plant, and a steel plant with a capacity of 7.5 million tonnes per annum (MTPA). A proposed investment of Rs 1,05,358 crore will be allocated for the projects in Raigarh, the company stated. Jindal Steel Chhattisgarh Ltd will set up a 7.5 MTPA integrated steel plant with an investment of Rs 73,000 crore. Jindal Power Ltd will set up a 3x800 MW thermal power plant with an investment of Rs 30,780 crore and a 500 MW solar power plant with an investment of Rs 1,578 crore.
New Indian Express
03-07-2025
- Business
- New Indian Express
Jindal Steel Chhattisgarh Ltd signs MoU with state government for projects worth Rs 75,000 crore
RAIPUR: Jindal Steel Chhattisgarh Ltd, a unit of industrial powerhouse JSPL having presence in steel, mining and power, has inked a significant memorandum of understanding (MoU) with Chhattisgarh government for multiple projects. Aimed at driving economic growth, generating employment and fostering sustainable industrial development the agreements were signed for the projects including 500 MW Solar Power Plant, the 2400 MW Thermal Power Plant, and a steel plant with a capacity of 7.5 million tons per annum (MTPA). A proposed investment of Rs 75,000 crore will be allocated for the projects, the company stated. The MoU ceremony was attended by chief minister Vishnu Deo Sai and secretary-industries and commerce Rajat Kumar along with other senior officials.
