Jharkhand is poised to receive an investment proposal exceeding ₹70,000 crore from the Jindal Group, focusing on steel manufacturing and clean energy projects. This significant investment follows Chief Minister Hemant Soren’s recent visits to Davos and the United Kingdom, aimed at promoting the state as a key industrial and energy hub. The Jindal Group has submitted a Letter of Intent (LoI) detailing phased investments in steel, nuclear energy, and solar power, indicating confidence in Jharkhand’s stable policy environment, investor-friendly governance, and rich mineral resources.
A central component of the proposal is the establishment of a 6 million tonnes per annum (MTPA) integrated steel plant at Patratu. This facility will utilize advanced low-emission technologies. It is intended to serve critical sectors such as infrastructure, transportation, defence, and renewable energy.
A senior company official noted that Jharkhand offers a unique combination of mineral resources, skilled manpower, and proactive government support, making it ideal for long-term industrial investments. The project is expected to strengthen the group’s existing partnership with the state and expand its operational footprint.
In the realm of clean energy, the Jindal Group has put forward a proposal for a 1,400 MW nuclear power project in Jharkhand. This project will operate under the national SHANTI framework, which emphasizes small modular reactors (SMRs) and advanced nuclear technologies. The nuclear project will be subject to all necessary statutory, safety, and regulatory approvals.
The nuclear project is expected to bolster India’s long-term energy security. It will also support industrial decarbonisation efforts. Furthermore, it aims to provide stable, low-carbon base-load power for industry and regional demand.
Additionally, the group has proposed a 140 MW solar power project. This initiative is designed to enhance industrial energy security. It also aligns with India’s broader renewable energy goals.
Collectively, these proposed investments are projected to generate approximately 11,000 direct jobs. An additional 50,000 or more indirect employment opportunities are also anticipated. The economic impact is expected to extend across various sectors, including transport and logistics, MSMEs, services, and local entrepreneurship. This is intended to foster inclusive and sustainable industrial growth within Jharkhand.
The substantial ₹70,000+ crore proposal highlights strong investor confidence in Jharkhand’s industrial future. It also aligns with national objectives for industrial self-reliance, energy security, and the transition to clean energy. If these projects come to fruition, they could significantly elevate Jharkhand’s standing as a major force in both steel and clean energy production. This would result in considerable long-term economic and employment benefits for the state.
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