Jindal Steel and Power to Invest ₹70,000 Crore more in Odisha to Drive Industrial and Social Transformation

***** -JSP is exploring possibilities of setting up a steel plant at Keonjhar District-Over the past decade, JSP has invested ₹900 crore in sustainable social initiatives ******

Raipurs, 28 January 2025: Jindal Steel and Power (JSP) has announced an ambitious plan to invest additional₹70,000 crore in Odisha over coming years, reaffirming its commitment to the state’s sustainable industrialgrowth and community development.The announcement was made by Mr. Naveen Jindal, Chairman of Jindal Steel and Power, during the three-day Utkarsh Odisha 2025 event held in Bhubaneswar, in the august presence of Hon’ble Prime Minister ShriNarendra Modi and Odisha’s Chief Minister Shri Mohan Charan Majhi. The event celebrated Odisha’s pivotalrole in India’s industrial growth and its emergence as a global development hub.“Our vision is to make Odisha a global industrial leader while improving the quality of life for its peopleconsistently. This additional ₹70,000 crore investment will not only drive industrial growth but also uplift theQuality of life of thousands of families in Odisha, contributing to India’s journey toward self-reliance,” said Mr.

Naveen Jindal, Chairman of Jindal Steel and Power. “We are also exploring possibilities to set up a steel plantin Keonjhar District to fulfil the vision of Hon’ble Chief Minister Shri Mohan Charan Majhi,” added Mr. Jindal.The Utkarsh Odisha event underscored Odisha’s strategic importance in India’s economic growth, with leadersemphasizing collaboration between the public and private sectors to achieve sustainable development.JSP is already operating India’s first coal gasification plant for steel production at Angul, pioneering sustainablepractices and reducing dependence on imported coking coal. The Angul Steel Plant, currently at a capacity of

6 MTPA, will double to 12 MTPA this year and is set to reach 25.2 MTPA by 2030, positioning it as the world’slargest and greenest steel plant and a leader in hydrogen-based green steel production.Beyond its industrial efforts, JSP has made significant contributions to Odisha’s communitydevelopment. Overthe past decade, the company has invested ₹900 crore in sustainable social initiatives focusing on healthcare,education, skill development, women empowerment, rurallivelihood, sports, art & culture. These programshave transformed countless lives across the state.About Jindal Steel & Power Limited

Jindal Steel & Power Limited (JSPL) is an industrial powerhouse with a strong presence in the steel, mining,and infrastructure sectors. With a strategic investment of $12 billion worldwide, JSPL is consistently enhancingits capacity utilization and operational efficiencies, seizing opportunities to contribute to a self-reliant India. As aleading steel manufacturer, JSPL is deeply committed to reducing its carbon footprint and pioneeringsustainable practices, setting new benchmarks for responsible industrial growth.