Govt to signal pact for Keonjhar mega metal plant throughout Utkarsh Odisha occasion: CM

Jan 14, 2025 10:24 PM IST

A senior Odisha authorities official stated the metal plant could be a three way partnership between the JSW Group and South Korean metal main Posco.

Bhubaneswar: Odisha chief minister Mohan Majhi on Tuesday stated the state authorities will signal an settlement for organising a mega metal plant in Keonjhar through the Utkarsh Odisha programme in Bhubaneswar on January 28 and 29.

Odisha chief minister Mohan Charan Majhi (ANI)

Majhi made the announcement firstly of his three-day tour to his residence district, Keonjhar.

A senior state authorities official stated the metal plant could be a three way partnership between the JSW Group and South Korean metal main Posco.

Throughout a earlier go to to Keonjhar on November 1, Majhi stated the 2 teams would collectively arrange a mega metal plant within the district which might make Odisha a significant metal producer on this planet.

The 2 teams signed an settlement final yr to develop an built-in metal plant in India with an preliminary capability of 5 million tonnes each year.

Two patches of land have already been recognized for the proposed venture within the district.

Majhi, who represents the underdeveloped, however mineral-rich Keonjhar, has been stressing quicker improvement of the area. Final yr, he constituted a devoted job pressure, headed by chief secretary Manoj Ahuja, to speed up the tempo of industrialisation within the state, with particular give attention to Keonjhar district that churns out the utmost iron ore within the state.

In 2005, Posco signed a memorandum of understanding with the Odisha authorities for organising a 12-million-tonne (later scaled down to eight million tonne) metal plant close to Paradip port. Nonetheless the venture hit a roadblock following protests by native individuals in opposition to the acquisition of land for near a decade and uncertainty over getting a captive mine for the venture. In March 2017, Posco introduced its pullout from Odisha when it requested the state authorities to take again the land allotted to it for the $12 billion metal venture.

By the way, the state authorities handed over the land earmarked for Posco to JSW close to Paradip port the place it’s organising a 13.2 million tonne metal plant at a value of ₹65,000 crore. The muse stone for the plant was laid in February 2024 by then chief minister Naveen Patnaik. The venture was granted environmental clearance in April 2022.