press release dated May 27, 2026, titled "JSW Steel Commences Project Development of 13.2 MTPA Integrated Steel Plant at Paradeep, Odisha".
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JSW Steel has officially commenced development of a new greenfield Integrated Steel Plant at Paradeep in Odisha. The project will have an initial capacity of 13.2 million tonnes per annum (MTPA) with a planned investment of approximately ₹65,000 crore. The plant will be built on a 2,950-acre site strategically located on Odisha's coastline with port connectivity for efficient raw material access and logistics. The project will be developed in phases and aligns with the Government of India's Mission Purvodaya initiative for industrial development in eastern India. JSW Steel's Chairman Sajjan Jindal and other senior leadership attended the commencement ceremony along with Odisha's Chief Minister.
This massive ₹65,000 crore investment represents one of the largest capital outlays in JSW Steel's history, signaling strong growth ambitions. The greenfield project will significantly expand the company's steelmaking capacity toward its target of 54.8 MTPA combined capacity, but will take years to commission and generate returns.