Bhubaneswar: JSW Utkal Steel (JUSL), a wholly-owned subsidiary of JSW Steel on Monday received the environmental clearance (EC) for setting up of a greenfield Integrated Steel Plant (ISP) of 13.2 million tonnes per annum (MTPA) crude steel from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC).
The mega project will generate huge employment opportunities in the region, which in turn will boost the economy of Odisha.
The capital expenditure for the modern, green and environment-friendly integrated steel plant (ISP) project is expected to be approx. Rs. 65,000 crore includes associated facilities.
The phase-wise work for the project will start once the land is handed over to the company by the Odisha Government.
The project is one of the largest in the manufacturing sector in the country and MoEF&CC accorded the EC after successful public hearings.
JUSL has earmarked budgets for social interventions under public health, education, skill development, social infrastructure, waste management, environment, drinking water, women empowerment and so on. Additionally, based on the environment impact assessment (EIA), the company has plans to incur expenditure for the environment protection and mitigation measures.