Jharkhand Signs ₹99,639 Crore Worth of MOUs with 14 Companies, Including First Nuclear Power Plant by Jindal Nuclear Power
The Jharkhand government has signed investment agreements worth ₹99,639 crore with 14 companies during the concluding session of a two-day National Stakeholders' Consultation in New Delhi, in the presence of Chief Minister Hemant Soren. The centrepiece agreement is a Memorandum of Understanding for the state's first proposed nuclear power plant, a 1,400 MW facility to be developed by Jindal Nuclear Power Private Limited with an expected investment of ₹30,000 crore, making it one of the largest projects announced at the summit.
Officials said Jharkhand's reserves of strategic minerals such as uranium and thorium make it a suitable location for nuclear energy development, and the proposed project would add the state to India's nuclear power map if it materialises.
Alongside the nuclear proposal, Jindal Steel Limited committed ₹40,000 crore for a new steel manufacturing facility, while Jindal Renewables signed an agreement to set up a 140 MW solar power plant. Tata Steel signed an MOU for expansion of its tinplate business and installation of an Easy Melt Technology plant. The Adani Group proposed an investment of ₹4,980 crore to set up an Ambuja Cement manufacturing unit in Godda district.
The remaining agreements covered technology and services, including a collaboration with Google LLC on artificial intelligence and cloud-based digital infrastructure, under which nearly 2.3 lakh teachers across Jharkhand are to receive AI training, and an agreement with Lords Education Society to apply AI in tuberculosis control and healthcare management. The state also launched an MSME Connect Portal aimed at strengthening support for micro, small and medium enterprises and improving ease of doing business