What to Expect from JSW's Ambitious Steel Plant Project in Odisha by 2029?
Major Steel Plant Construction Begins in Odisha
Bhubaneswar/Paradip: On Wednesday, Odisha's Chief Minister Mohan Charan Majhi expressed confidence that the integrated steel plant by JSW, valued at ₹65,000 crore, will commence operations by 2029, marking a significant step in the state's industrial development.
The Chief Minister was present at the groundbreaking ceremony for the 13.2 MTPA integrated steel facility of JSW Utkal Steel Limited, located in Dhinkia, near Paradip in Jagatsinghpur district.
This site was previously earmarked for a 12 MTPA steel project by South Korean giant POSCO in 2005, which was ultimately abandoned due to local opposition and issues related to raw material sourcing.
Majhi stated, "We are hopeful that the steel plant will be inaugurated in 2029, setting a benchmark in Odisha's industrial journey," while addressing attendees.
The planned integrated steel plant is set to have an initial production capacity of 13.2 million metric tonnes per annum (MTPA), with the initial investment pegged at ₹65,000 crore, potentially rising to ₹1,00,000 crore in subsequent phases.
The project will also include a 900 MW captive power plant, a specialized cement grinding unit, and a dedicated jetty at Paradip Port to facilitate efficient shipping.
In a post on X, the Chief Minister's Office noted, "Hon'ble Chief Minister Shri @MohanMOdisha attended the event marking the commencement of construction work for the 13.2 MTPA Integrated Steel Plant of JSW Utkal Steel Limited at Dhinkia near Paradip. This mega industrial initiative is poised to enhance Odisha's status as a premier manufacturing and investment hub, generating substantial employment and economic prospects for the state's residents."
Hon’ble Chief Minister Shri @MohanMOdisha attended the event marking commencement of construction work for the 13.2 MTPA Integrated Steel Plant of JSW Utkal Steel Limited at Dhinkia near Paradip.
The mega industrial project is set to strengthen Odisha’s position as a leading… pic.twitter.com/Xh5MROK64k
— CMO Odisha (@CMO_Odisha) May 27, 2026
The Chief Minister assured Sajjan Jindal, the chairman of JSW Group, during the public meeting that the state government would extend all necessary support for the establishment and functioning of this significant project.
Odisha's Industries Minister Sampad Chandra Swain, Jatsinghpur MP Bibhu Prasad Tarai, local MLAs, senior state officials, and representatives from JSW were also in attendance.
The foundation stone for the integrated steel plant was laid by former Chief Minister Naveen Patnaik on February 16, 2024, prior to the general elections.