Overview
- JSW Steel formally commenced development work at Paradeep on Wednesday, May 27, 2026, announcing a phased greenfield plant with an initial capacity of 13.2 million tonnes per year and an estimated Rs 65,000 crore investment.
- The site covers roughly 2,950–3,000 acres on Odisha’s coastline and includes plans for a 900 MW captive power plant, a specialised cement unit and a dedicated jetty to link the mill directly to Paradip Port.
- State leaders and company executives said the project could create tens of thousands of direct and indirect jobs and would support regional industrialisation under national initiatives such as Mission Purvodaya.
- Some outlets have reported a larger scope for the development, citing figures up to Rs 1.25 lakh crore and about 24 MTPA capacity, but those numbers conflict with JSW’s exchange filings and remain disputed.
- Key near-term risks that will determine the timeline include land and local consent issues, securing raw-material and port linkages, and meeting construction and permitting milestones before the 2028–2029 commissioning target.