Jindal Stainless to increase Orissa power plant capacity to 500 MW

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New Delhi, Sept 17 (UNI) Jindal Stainless Ltd, the country's largest stainless steel manufacturer, today said it plans to double the capacity of its captive power plant in Orissa to 500 MW by 2010.

''Within two years, we aim at increasing our Orissa plant's capacity to 500 MW from the present 250 MW,'' company Vice Chairman and Managing Director Ratan Jindal told reporters here while unveiling its new corporate identity which will now be known as JSL Ltd.

Doubling the capacity is the need of the hour to meet the growing demand of the country, he said.

The company, which has a chromite mines at Sukinda Valley in Orissa, has finished the first phase of the stainless steel project in the state which includes the captive power plant of 250 MW.

In the second phase, it will start producing 0.8 million tonnes per annum stainless steel from the greenfield plant by 2009-end, Mr Jindal said.

Majority of orders of equipment for the second phase have already been placed with leading equipment suppliers.

''In the third phase, the capacity will be expanded to 1.6 million tonnes per annum by 2012. The plant will then become the world's largest single location fully integrated stainless steel plant,'' Mr Jindal said.

The capacity of the company's parent plant at Hisar in Haryana is 0.7 million tonnes per annum currently.

UNI SBA SG CS1815

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