THE JHARKHAND STORY NETWORK
Ranchi, January 31: Jharkhand is fast emerging as a major destination for large-scale industrial and clean energy investments, with the Jindal Group proposing phased investments of over ₹70,000 crore in the State. The proposal follows the recent global outreach of the Government of Jharkhand, led by Chief Minister Hemant Soren, during high-level engagements in Davos and the United Kingdom.
The investment plan spans the steel, nuclear energy, and solar power sectors and is expected to significantly boost industrial capacity, energy security, and employment generation in the State. Senior representatives of the Jindal Group have formally submitted a Letter of Intent (LoI) to the State Government, signalling long-term commitment to Jharkhand’s development.
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Global Outreach Delivers Investment Momentum
Officials said the proposed investments reflect growing domestic and international confidence in Jharkhand’s stable policy environment, investor-friendly governance, and strong natural resource base. The projects are aligned with India’s broader goals of industrial self-reliance, clean energy transition, and sustainable economic growth.
6 MTPA Integrated Steel Plant Planned at Patratu
A key component of the proposal is the setting up of a 6 million tonne per annum (MTPA) integrated steel plant at Patratu by Jindal Steel. The facility will deploy advanced, low-emission technologies and focus on producing high-grade steel for infrastructure, transportation, defence, and renewable energy sectors.
Following meetings with the Chief Minister and the State delegation in London, a senior company official noted that Jharkhand offers a strong combination of mineral availability, skilled manpower, and proactive governance, making it an attractive destination for long-term industrial investments.
Nuclear and Solar Projects to Strengthen Clean Energy Push
In line with India’s clean energy and decarbonisation roadmap, the Group has also proposed a 1,400 MW nuclear power project in Jharkhand, subject to statutory and regulatory approvals. The project is expected to provide stable, low-carbon baseload power to support industrial growth and regional energy needs.
Additionally, a 140 MW solar power project has been proposed, further reinforcing Jharkhand’s role in India’s renewable energy transition and enhancing power availability for industries.
Over 60,000 Jobs Expected, Boost for MSMEs
The proposed investments are expected to generate around 11,000 direct jobs and over 50,000 indirect employment opportunities, providing a significant boost to youth employment in the State.
Experts say the projects will also have strong multiplier effects across logistics, MSMEs, services, and local entrepreneurship, supporting inclusive and sustainable economic growth across Jharkhand.