Jindal Steel And Power Seeks Raw Material Security For Odisha Steel Plants

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(ET)

Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday requested the Odisha government to ensure raw material security for steel plants in the state. Jindal also requested reserving iron ore mines for companies which have set up steel plants in Odisha. He had a meeting with Chief Secretary Asit Kumar Tripathy and other secretaries concerned here.

“Companies which have invested thousands of crores in steel plants and have created employment in thousands should be given preference in iron ore auction. We have requested for giving iron ore mines first for captive consumption and then for merchant mining,” said Jindal during interaction with media after the meeting.JSPL has invested Rs 47,000 crore in Odisha to set up the largest steel plant in the state. But it has very small mines which are near depleted and it does not have captive iron ore and coal mines for the plant, said sources.

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