$JSWSTEEL

JSW Steel climbed over 1 percent on Wednesday after the company announced the launch of its greenfield integrated steel plant in Paradeep, Odisha. According to NSE data, JSW Steel stock was trading at Rs 1,310 in afternoon trade, up Rs 16.40 or 1.27 percent. The Paradeep Integrated Steel Plant will be developed in phases with a planned production capacity of 13.2 million tonnes per annum (MTPA) and an estimated investment of around Rs 65,000 crore. The project’s inauguration ceremony was attended by Odisha Chief Minister Mohan Charan Majhi, senior state government officials, and JSW Group Chairman and Managing Director Sajjan Jindal. Spread across nearly 2,950 acres along Odisha’s coastline, the plant is expected to benefit from strong port connectivity, robust logistics infrastructure, and easy access to raw materials, supporting both domestic and export markets. JSW Steel said the project is aligned with India’s rising steel demand, driven by infrastructure growth, rapid urbanisation, and expanding manufacturing activity. The company also noted that the facility has been designed with future expansion potential to meet evolving market requirements. Calling the project “a defining moment in JSW Steel’s growth journey,” Sajjan Jindal said Odisha has become one of India’s leading industrial hubs due to its progressive policies and improving infrastructure.