Comments
The Chief Minister of Odisha, Naveen Patnaik, and MD of Jindal Stainless Ltd, Abhyuday Jindal, on Thursday, laid the foundation stone for a stainless steel industrial park in the state.
To be built as a natural extension of JSL’s Jajpur manufacturing facility, it will be “strategically connected with prominent highways for timely supply of raw materials and dispatch of finished goods”, the company said in a statement.
Related Stories
Jindal Stainless-JSHL merger likely to be completed by fiscal-end: Abhyuday Jindal
‘Merger will result in seamless integration of high volumes and niche offerings across various segments’Planned in two phases over 6 years, the industrial park has an investment potential of over ₹1500 crore and “is expected to promote over 100 downstream and ancillary manufacturers”.
It will look to strengthen upstream and downstream industry linkages and empower indigenous manufacturing and also boost the metal’s production and demand in East India, the statement further added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.