Jindal Group Proposes Rs. 70,000 Crore Investment in Jharkhand

Jharkhand is poised to become a major industrial and energy hub as the Jindal Group has proposed an investment of over Rs 70,000 crore in the steel and clean energy sectors, according to a state government press release issued on Saturday.

The proposal follows the recent visit of a high-level delegation led by Chief Minister Hemant Soren to Davos and the United Kingdom, where discussions were held with global investors to promote Jharkhand as an investment destination.

During meetings in London, senior representatives of the Jindal Group submitted a Letter of Intent to Jharkhand government officials, outlining phased investments in steel, nuclear energy and solar power projects in the state.

Officials said the proposed investment reflects growing confidence among domestic and international investors in Jharkhand’s policy stability, investor-friendly governance and mineral-based industrial potential. The projects are aligned with national priorities of industrial self-reliance, energy security and clean energy transition.

A major component of the proposal is the establishment of a 6 million tonne per annum integrated steel plant at Patratu. The plant will be developed using advanced low-emission technologies and is expected to supply high-quality steel for sectors such as infrastructure, transport, defence and renewable energy.

A senior company official said Jharkhand offers a strong combination of mineral resources, skilled manpower and supportive governance for long-term industrial investments. The proposed project would deepen the company’s partnership with the state and significantly expand its operations.

In the clean energy sector, the group has proposed investment in a 1,400 megawatt nuclear power project under the national SHANTI framework for small modular reactors and advanced nuclear technologies. The project will be subject to statutory, safety and regulatory approvals.

The nuclear power project is expected to contribute to India’s long-term energy security and industrial decarbonisation by providing stable low-carbon power for industrial and regional needs.

Additionally, the group has proposed investment in a 140 megawatt solar power project to strengthen industrial energy security in line with India’s renewable energy targets.

The proposed projects are expected to generate around 11,000 direct and more than 50,000 indirect employment opportunities. Officials said the investments would benefit transport and logistics, MSMEs, service sectors and local entrepreneurship, supporting inclusive and sustainable industrial growth in Jharkhand.