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Business
Jindal Ferrous to Invest ₹5,000 Crore in New Carbon Steel Plant in Odisha
✍️ Business Standard
🗓 16 Oct 2026, 07:17 AM
👁 20
Jindal Ferrous announced a ₹5,000‑crore investment to set up a carbon steel plant in Odisha, expanding its manufacturing footprint in the state.
Jindal Ferrous Ltd has disclosed plans to establish a new carbon steel manufacturing facility in Odisha, committing an investment of approximately ₹5,000 crore. The project marks a significant expansion of the company's operations in the eastern state, where it already runs several steel-related units.
The new plant is expected to augment the domestic supply of carbon steel, supporting downstream industries such as construction, infrastructure and automotive. While detailed capacity figures have not been released, the scale of the capital outlay suggests a major addition to the region's industrial base.
Industry analysts view the move as aligning with the Indian government's "Make in India" agenda, aiming to boost local manufacturing and generate employment opportunities. The plant will also reinforce Odisha's position as a growing hub for heavy industry, complementing existing investments in steel, aluminium and power.
Jindal Ferrous, a subsidiary of the O.P. Jindal Group, has been steadily increasing its presence across the country. The Odisha project underscores the company's confidence in the state's policy environment and its strategic location for raw material access and logistics.
The company has indicated that construction will commence later this year, with commercial operations slated for the early part of the next decade, subject to regulatory clearances and market conditions.
The new plant is expected to augment the domestic supply of carbon steel, supporting downstream industries such as construction, infrastructure and automotive. While detailed capacity figures have not been released, the scale of the capital outlay suggests a major addition to the region's industrial base.
Industry analysts view the move as aligning with the Indian government's "Make in India" agenda, aiming to boost local manufacturing and generate employment opportunities. The plant will also reinforce Odisha's position as a growing hub for heavy industry, complementing existing investments in steel, aluminium and power.
Jindal Ferrous, a subsidiary of the O.P. Jindal Group, has been steadily increasing its presence across the country. The Odisha project underscores the company's confidence in the state's policy environment and its strategic location for raw material access and logistics.
The company has indicated that construction will commence later this year, with commercial operations slated for the early part of the next decade, subject to regulatory clearances and market conditions.