JSW Steel has commenced the project development of a 13.2 million tonnes per annum (MTPA) integrated steel plant at Paradeep, Odisha, involving an estimated investment of about ₹65,000 crore. The project represents one of the largest investments undertaken by JSW Steel and is designed to strengthen India's manufacturing capabilities while contributing to Odisha's industrial transformation. The facility will be developed in phases across nearly 2,950 acres, utilizing the strategic coastal location for port connectivity and efficient logistics.

The project commencement ceremony was attended by the Chief Minister of Odisha, Shri Mohan Charan Majhi, and senior government officials, alongside JSW leadership led by Mr. Sajjan Jindal, Chairman & Managing Director, JSW Group. The initiative aligns with the Government of India's Mission Purvodaya, which aims to unlock the industrial potential of eastern India and accelerate inclusive economic development.

Key Project Details

The Paradeep plant is strategically positioned to serve both domestic and international markets. The project has been master-planned with the long-term potential to expand capacity in the future, in line with market demand and JSW Steel's growth strategy.

Strategic Significance

Mr. Sajjan Jindal, Chairman & Managing Director, JSW Group, stated that the project reaffirms the company's belief in India's long-term manufacturing potential and highlights Odisha's emergence as an attractive industrial destination. Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, noted that the coastal location and integrated infrastructure would enhance operational efficiencies and strengthen the company's ability to serve customers globally.

Mr. Anil Singh, President, JSW Steel, expressed the company's commitment to working with the Government of Odisha to build a world-class facility. The project is expected to play a crucial role in supporting the nation's industrial ambitions amidst growing steel demand driven by infrastructure development and urbanisation.

JSW Steel has signed a strategic Memorandum of Understanding (MoU) with Bharatia and Carbon Iceland International to develop a large-scale green methanol project in India. The agreement, signed during the 3rd India–Nordic Summit in Oslo, Norway, on May 25, 2026, aims to advance industrial decarbonisation by converting carbon dioxide emissions into green fuel.

Project Scope and Capacity

The proposed project is designed with a capacity of 300 KTPA (kilo tonnes per annum). It will utilize carbon dioxide (CO₂) emissions generated from JSW Steel’s operations in district Raigad, Maharashtra. These emissions will be converted into eMethanol using green hydrogen produced from renewable energy sources. The initiative seeks to establish a scalable carbon capture and utilisation (CCU) pathway for the steel sector.

Strategic Collaboration

The partnership leverages the complementary strengths of the three entities involved:

• JSW Steel Limited: Provides large-scale industrial infrastructure and operational capabilities as one of India's leading steel manufacturers.
• Bharatia: Supports project development, implementation architecture, ecosystem integration, and financing pathways, operating at the intersection of policy, technology, and finance.
• Carbon Iceland International: Acts as the technology project developer, bringing expertise in carbon capture integration, e-fuels production, and industrial decarbonisation pathways.

Decarbonisation Goals

The MoU outlines a phased development pathway, progressing from feasibility assessment and technical validation towards potential future commercial-scale implementation. This initiative aligns with JSW Steel’s goal to reduce its CO₂ emissions by 42% from steel-making operations by 2030 and achieve net neutral carbon emissions for all operations under its direct control by 2050. The project also supports India’s broader energy transition and reinforces the growing strategic cooperation between India and the Nordic region in climate technology.