JSW Steel starts construction of 13.2 mln t/y greenfield plant

India's JSW Steel, the country's top integrated steel producer, held a groundbreaking ceremony on May 27 for its planned 13.2 million tonnes/year integrated steel plant at Paradeep in the eastern state of Odisha.

The project, to be developed by subsidiary JSW Utkal, involves total investment of around INR 650 billion ($6.8 billion) and will be built in phases. The first phase will have annual crude steel capacity of 5 million tonnes, with commissioning targeted by fiscal year 2030. JSW Steel aims to raise