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Odisha Targets 100 MTPA Steel Output by 2030 with JSW-JFE Partnership

Chief Minister Mohan Charan Majhi announced Odisha's target of producing 100 million tonnes per annum of steel by 2030. The announcement came during a programme marking the JSW Steel and JFE Steel Corporation joint venture in Sambalpur district. The partnership involves a Rs 15,000 crore investment to expand JSW Steel's capacity by an additional 10 MTPA. Majhi also unveiled plans for the Sambalpur growth economic corridor, expected to attract Rs 1 lakh crore investment and generate over 2 lakh jobs.

Key Points: Odisha Targets 100 MTPA Steel Output by 2030: CM Majhi

  • Odisha targets 100 MTPA steel output by 2030
  • JSW Steel and JFE Steel Corporation form Rs 15,000 crore joint venture
  • Investment to expand JSW Steel capacity by 10 MTPA
  • Sambalpur growth corridor to attract Rs 1 lakh crore, create 2 lakh jobs
  • CM invites JFE to invest in Keonjhar for lower production costs
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Odisha targets 100 MTPA steel output by 2030: CM Mohan Majhi

CM Mohan Majhi announces Odisha's goal of 100 MTPA steel output by 2030, backed by a Rs 15,000 crore JSW-JFE joint venture in Sambalpur.

"We are committed to producing 100 MTPA of steel by 2030. It is a strategic commitment backed by resources, policy, infrastructure, and meticulous execution - CM Mohan Charan Majhi"

Bhubaneswar, April 24

Chief Minister Mohan Charan Majhi on Friday said that Odisha, driven by its resources, policy framework, infrastructure, and execution, is committed to producing 100 million tonnes per annum of steel by 2030.

CM Majhi was speaking at a special programme held in Sambalpur district, marking the joint venture and the initiation of a partnership between JSW Steel Limited and JFE Steel Corporation, Japan. The Chief Minister said the partnership between JSW Steel and JFE Steel Corporation is a pivotal step in Odisha's transition from an iron-ore producer to a high-value steel manufacturing hub.

According to a statement issued by the Chief Minister's Office (CMO), this is Odisha's first single largest Japanese Investment at Rs 15,000 Crore. This Investment will further expand the existing capacity of JSW Steel by an additional 10 MTPA, marking a substantial presence of Odisha in the Global Steel Market.

"I reaffirm Odisha's long-term industrial vision: We are committed to producing 100 MTPA of steel by 2030. It is a strategic commitment backed by resources, policy, infrastructure, and meticulous execution," said Majhi.

He also noted that the state currently produces about 40 million tonnes of steel annually and is progressing toward 100 million tonnes per annum to meet rising domestic and export demand driven by infrastructure growth and downstream industries. This Investment will enhance the state production capacity.

The Chief Minister also said Rourkela, Jharsuguda, Bargarh and Deogarh will form the Sambalpur growth economic corridor, attract Rs 1 lakh crore investment and generate over 2 lakh jobs.

"In the upcoming days, Rourkela, Jharsuguda, Bargarh, and Deogarh will form the Sambalpur growth corridor, similar to the state capital growth region. Investments worth Rs 1 lakh crore shall be brought in by Industries, generating a potential of more than 2 lakh jobs through this initiative," he announced.

On the occasion, CM Majhi stated that the JSW-JFE partnership will strengthen Odisha's capabilities in high-grade and specialty steel through advanced Japanese technology and operational expertise.

The total JSW-JFE venture would involve an estimated investment of more than Rs 30,000 crore. As the state accelerates toward high-end steel production, the Chief Minister emphasized the strategic relevance of JFE's expertise, particularly in electrical steel, critical for electric mobility, renewable energy, high-efficiency motors, transformers, and the evolving power ecosystem. He said the project will create skilled employment and catalyze an advanced downstream manufacturing base positioning Odisha in the global map of the supply chain.

Inviting JFE to expand further in Odisha, the Chief Minister made a special appeal to invest in his home district of Keonjhar, citing up to 50% lower overall production costs due to direct access to high-grade iron ore, reduced logistics, proximity to key industrial corridors, and improving infrastructure. He assured fast-track facilitation and incentive support for strategic investments.

- IANS

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Reader Comments

P
Priya S
Great to see Japanese investment flowing into Odisha! 🇮🇳🤝🇯🇵 The focus on electrical steel for EVs and renewable energy is smart. But why always Sambalpur region? What about other districts? Keonjhar mention is nice, but implementation matters more than announcements. Let's hope 2 lakh jobs actually materialize.
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Rohit P
JSW-JFE partnership is big news! Advanced Japanese technology for high-grade steel will really put Odisha on the global map. But I worry about land acquisition and displacement—hope the state government handles rehabilitation properly. Also, Rs 30,000 crore investment is huge, but we need transparency in execution.
K
Kavya N
Finally some concrete steps towards Make in India! 😊 40 MTPA to 100 MTPA is a huge leap, but infrastructure in Odisha needs massive upgrades—roads, power, water. And please don't forget the small businesses and local suppliers who should be part of this growth. Skill development for youth is a must!
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Siddharth J
Ambitious target, but let's be realistic. Steel industry is cyclical and global demand can fluctuate. Also, environmental clearance for such massive expansion will be a challenge. The Sambalpur economic corridor sounds promising—Rourkela, Jharsuguda, Bargarh, Deogarh could become an industrial powerhouse. Hope the state's planning is solid.

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