Bhubaneswar: Two years after steel manufacturing company JSW Steel proposed to set up a greenfield steel plant in Odisha, the Odisha Government has allotted 2900 acres land to company for the project in Paradip of Jagatsinghpur district.
The land was earlier given to which was earlier given to South Korean steel major Posco.
Briefing mediapersons, Industry Minister Anant Das today said the JSW has planned to set up a 10 mtpa steel plant toand will invest around 50,000 crore for the same. The company authorities have been asked to deposit money for the allotted land soon, he added.
Sources said JSW Steel has already begun the process for getting environment and forest clearances for the project. The plant would generate around 30,000 employment in the State, sources added.