Odisha Chief Minister Mohan Charan Majhi said a mega steel plant with an investment of around Rs 40,000 crore will be jointly set up by JSW and POSCO in Keonjhar district’s Patna area.

Addressing a public gathering at Champua, Majhi said, “I had vowed to set up a mega steel plant in Keonjhar district. God was kind enough to make me the chief minister to realise this dream.” In addition to Patna area, the CM said steel industries would be developed in various parts of the district, with a total investment exceeding Rs 1 lakh crore.

On January 28, during the ‘Utkarsh Odisha-Make in Odisha Conclave,’ the JSW Group, led by Sajjan Jindal, signed an MoU with the Odisha government to establish a 5 million tonnes per annum (MTPA) steel plant in Keonjhar.

In October last year, the JSW Group and South Korean steel giant POSCO had signed an MoU to set up an integrated steel plant in India with an initial capacity of 5 MTPA.

However, the companies have not revealed the location where the steel plant will come up.