Quote:BHUBANESWAR : The joint venture of JSW Group and South Korean steel giant POSCO will set up a mega steel plant in Keonjhar, the home district of Chief Minister Mohan Charan Majhi.

On Tuesday, the two conglomerates announced plans in Mumbai to establish an integrated steel plant with a production capacity of 5 million tonnes per annum (MTPA).

A highly placed source stated that the joint venture is keen on setting up the plant in the iron-ore-rich Keonjhar district. The pact between the two steel majors was signed after preliminary rounds of talks between the promoters and a high-level delegation led by the chief minister during his investors’ meet in Mumbai recently.

Two patches of land have already been identified for the proposed project in the district. One patch, around 2,500 acres, is located near Odisha Tea Plantation Ltd (OTPL) at the Taramakant area under Banspal block, while another 1,956 acres is at Patna, which was initially offered to steel major ArcelorMittal.

Quote:JSW Declares Special R & R compensation package for its ISP site
December 17, 2021

Rs 17,500/- per decimal compensation for Betel Vine Owners + Rs 50,000/- additional bonus
All ration card holder families covered in the land losing villages
Engagement of VLCs from the project site area well on track
Applications invited from youth with technical and non-technical background in the project site


Paradip: JSW, the leading steelmaker of India declared its compensation package for the project affected people with ration card in the land losing villages of Nuagaon, Gada Kujang & Dhinkia GP, for its Integrated Steel Plant at Paradip today. 

... 

For loss of betel vines, compensation of Rs. 17500 per decimal has been declared. This is way above the government provision of Rs. 6,000/- per decimal, charted out in the Govt. R&R policy. Additionally, a bonus of Rs 50,000/- per betel vine, irrespective of size, provided it is demolished within a fortnight of announcement in the said village, has been declared.

For the first time, a differential compensation of Rs. 6000 per decimal is offered to all the old betel vine owners, who earlier received Rs. 11,500 per decimal, has been announced. For wider and inclusive coverage all the ration card holders in the eight land losing villages- namely Polang, Bayanalakandha, Jatadhara, Nuagaon, Gobindpur, Patana, Dhinkia and Mahala; who have not received Betel vine compensation or have not received any labour compensation earlier from erstwhile projects, betel vine labour compensation of Rs 88,000 – Rs 44,000/- as one-time financial assistance after demolition of all betel vines and Rs 44,000/- balance as additional bonus after completion of boundary wall of the entire project area has been offered.

For the villages from where betel vines have already been removed, eligible families will be paid Rs 44,000/- after the demarcation of the boundary wall in the said village and rest 44,000/- after the boundary construction for the project is complete.

... For the Prawn Ponds with requisite permission from competent authority, a compensation is Rs.2.5 lakh per acre. For the fruit bearing trees, as per Govt. norms and notification compensation would be paid.

Initiative to engage youth in the project area

... Company would try to provide direct or indirect engagement to one member from each ration card holding family in land losing villages would be given in any of JSW group companies, associated company or contractors of the plant or project agencies, in a phased manner. 

... Besides, JSW is collaborating with the administration for renovation of schools in the region and for upgradation of health services in the project site.

Quote:Odisha Tops Steel Production
By Tathya Correspondent - March 22, 2021

Bhubaneswar: Odisha has turned out to be in the forefront of the States so far Crude Steel production is concerned and is improving its position continuously.
...
While in 2017-18, Odisha had produced 1, 69, 68,000 Tons of Crude Steel, Jharkhand produced  1,71,13,000 Ton.

However Jharkhand was able to produce 1,72,38,000 Ton in 2018-19, while Odisha produced 1,92,99,000 Tons in 2018-19.

Similarly Odisha produced 2, 02,53,000 Tons of Crude Steel, while Jharkhand was lagging with 1,72,09,000 Tons of production of Crude Steel.

Odisha during the period of April-February 2020-21 has produced 1,94,44,000 Tons of Crude Steel, while Jharkhand has been able to produce 1, 41,66,000 Tons of Crude Steel.

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And Odisha continues to be largest producer of Crude Steel Production in the country.

In fact Odisha will be producing 100 Million Tons of Steel by 2030 as per the latest estimates is concerned because the State is attracting huge investment in Steel Sector.

National Steel Policy envisages production of 300 Million Ton Steel by 2030.

According to Vision 2030, Development of Downstream Units in Metal Sector envisages to achieve more than 50 Percent value addition to the primary metal produced in the State.

Presence of Major Steel Makers like SAIL, TATA Steel, JSL, VISA Steel, MESCO and AMNS India will improve Odisha position in Crude Steel production.

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While Crude Steel production in the country is on rise, import of finished steel is coming down.

During 2017-18, country imported 74,83,000 Tons of Finished Steel, during 2018-19 India went for 78,35,000 Tons of Finished Steel Import, which went down in 2019-20 to 67,68,000 Tons and it further went down to 42,52,000 Tons in 2020-21.

Export of Finished Steel from India is on rise as in 2018-19 it was 63,61,000 Tons, which went up to 83,55,000 Tons in 2019-20 and it further went up to 94,92,000 Tons in 2020-21.