The State Government has accorded ‘go ahead’ to the private industrial estate of Jindal Stainless Limited (JSL) near Kalinganagar.
This was decided in a high level meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi wherein CMD Idco Sanjay Singh presented Detail Project Report (DPR) of the proposed private industrial estate.
Padhi directed to expedite the process for early grounding of the project. CMD Singh appraised that the industrial estate would be promoted by the JSL as a downstream cluster for manufacturing and supply of stainless steel products including construction materials, architectural designs, pipes, industrial goods, life style consumables, kitchen wares etc.
In the meanwhile, the Special Purpose Vehicle for the project has already been formed.
Around 300 acres of land has been identified by Idco to be allotted for the estate. It will source water of 2.54 MLD from intake well of JSL in Bramhani river. The power requirement is around 40.58 MW which will be met both from the CPP of JSL and Nesco grid.
The industrial estate envisages an investment of around Rs1,532 crore with employment potential of around 19,000 persons. As per preliminary estimates, around Rs168 crore will be invested for infrastructural development and creation of common facility centers. The JSL will be the anchor investor. The estate will be developed in two phases. Chief Secretary Padhi directed to complete the 1st phase of the project within three years from land allotment.