Wire & Cable India

Jindal to Invest INR 7500 Crore to Set Up 2.25 Million Tonnes Capacity Steel Plant in Nellore

Jindal Steel Andhra Limited has proposed to set up the plant for manufacturing of TMT bars and wire rods.

July 16, 2021

Image Source: Jindal Steel & Power

Jindal Steel Andhra Limited, part of OP Jindal Group, has been allotted 860 acres of land in Thamminapatnam of SPSR Nellore district of Andhra Pradesh to set up an INR 7500 crore integrated steel plant with an annual production capacity of 2.25 million tonnes per annum (MTPA).

The Industries and Commerce Department in a government order allotted the land to Jindal Steel & Power Ltd., Gurgaon. The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) was directed to cancel the land allotment made in favour of Kinneta Power Private Limited and allot the land for the proposed steel plant. The land was cancelled as Kinneta Power could not implement a coal-based thermal power project at the APIIC allocated land.

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Jindal Steel proposes to set up the plant for manufacturing of TMT bars and wire rods. It expects to provide employment to 2,500 directly and 15,000 people indirectly over a period of four years.

Also Read: Mukand Limited to Increase Stainless Steel Production to 150000 TPA.

The Group has a dominant presence in steel, power, mining and infrastructure sectors with total steel production of 11.6 MTPA and having expertise in running Integrated Steel plants in Odisha, Chhattisgarh and Jharkhand.