Paradip Set for Industrial Boost as CM Launches JSW Utkal Steel Plant Project

Paradip, May 28 (BNP): Odisha Chief Minister Mohan Charan Majhi on Thursday performed the Bhoomi Pujan for the ambitious JSW Utkal Steel Plant project in Paradip, formally launching one of the State’s biggest industrial investments aimed at transforming the coastal region into a major manufacturing hub.

The mega integrated steel plant is coming up in the Dhinkia area near Paradip, on the land parcel that had earlier been allotted to the proposed South Korean steel giant POSCO project before it was shelved. The revival of industrial activity in the region marks a significant milestone in Odisha’s push for large-scale industrialisation and port-led economic development.

Designed with an initial production capacity of 13.2 million metric tonnes per annum (MTPA), the project is expected to emerge as one of the largest integrated steel manufacturing facilities in the country. The first phase of the project involves an investment of ₹65,000 crore, with total investments projected to touch ₹1 lakh crore in subsequent expansion phases.

Apart from steel manufacturing, the integrated facility will include a 900 MW captive power plant, a dedicated cement grinding unit, and a captive jetty near Paradip Port to facilitate seamless handling of raw materials and exports.

Officials said the project is expected to strengthen Odisha’s industrial ecosystem by linking mineral-rich hinterlands with global maritime trade routes through Paradip’s strategic port infrastructure. The development is also likely to generate substantial employment opportunities and stimulate ancillary industries in the region.

Speaking on the occasion, the Chief Minister reiterated the State Government’s commitment to making Paradip a major industrial growth centre, adding that mega investments such as the JSW project would accelerate economic growth and infrastructure development while creating new livelihood opportunities for local communities.