JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13.2 million tonnes per annum (MTPA) greenfield steel plant, a top company official said.

JSW Steel Director - Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same site near the port of Paradip where POSCO was keen to set up a 12 MTPA steel plant.

The Odisha government and POSCO had signed a Memorandum of Understanding (MoU) in this regard in 2005. However, the South Korean steel giant had to abandon its proposed Rs 52,000-crore project due to multiple reasons from delay in environmental clearances to protests by locals. The pact ultimately expired in 2010 and was not renewed again.

JSW Steel plans to set up an integrated steel plant of 13.2 MTPA capacity in Odisha along with a 900 MW power plant for captive usage with an investment amount of Rs 53,700 crore.