10 hours ago
Following is an excerpt from https://www.newindianexpress.com/states/...har-odisha
Quote:BHUBANESWAR : The joint venture of JSW Group and South Korean steel giant POSCO will set up a mega steel plant in Keonjhar, the home district of Chief Minister Mohan Charan Majhi.
On Tuesday, the two conglomerates announced plans in Mumbai to establish an integrated steel plant with a production capacity of 5 million tonnes per annum (MTPA).
A highly placed source stated that the joint venture is keen on setting up the plant in the iron-ore-rich Keonjhar district. The pact between the two steel majors was signed after preliminary rounds of talks between the promoters and a high-level delegation led by the chief minister during his investors’ meet in Mumbai recently.
Two patches of land have already been identified for the proposed project in the district. One patch, around 2,500 acres, is located near Odisha Tea Plantation Ltd (OTPL) at the Taramakant area under Banspal block, while another 1,956 acres is at Patna, which was initially offered to steel major ArcelorMittal.