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The Naveen Jindal Group has announced plans to invest more than INR 70,650 crore in Jharkhand across steel, nuclear energy and renewable energy projects, further expanding its industrial presence in the state. The proposed investments include a major steel expansion, a nuclear energy project and a solar power initiative. The group has also signed an agreement with the Jharkhand government for the proposed projects. The investment is expected to generate over 11,000 direct jobs while supporting MSMEs, downstream industries, logistics and advanced manufacturing in the state.
The Naveen Jindal Group has announced plans to invest more than INR 70,650 crore in Jharkhand to develop steel, nuclear energy and renewable energy projects. The proposed investment is aimed at strengthening the state's industrial base, creating employment opportunities and supporting India's manufacturing and clean energy goals.
The group has also signed an agreement with the Jharkhand government for the proposed investments. The announcement marks another major industrial commitment in the state, which has remained a key destination for investments because of its mineral resources and manufacturing ecosystem.
As part of the proposal, the group plans to invest INR 40,000 crore in steel projects. The investment is expected to strengthen Jharkhand's manufacturing ecosystem and create nearly 10,000 direct jobs. It is also expected to generate business opportunities for micro, small and medium enterprises (MSMEs), downstream industries, contractors, suppliers and local entrepreneurs connected with the steel value chain.
Another INR 30,000 crore has been proposed for nuclear energy projects. Naveen Jindal stated that reliable and affordable electricity is necessary for sustained industrial growth and indicated that nuclear power would provide clean, dependable and round-the-clock energy supply. The proposed project is also expected to create highly skilled employment and support future industries such as data centres and advanced manufacturing, which require uninterrupted power.
The group has further proposed an investment of INR 650 crore in solar energy projects to support Jharkhand's renewable energy targets and diversify its clean energy portfolio alongside conventional industrial development.
Speaking about the agreement with the state government, Jindal said Jharkhand has a strong industrial foundation supported by rich natural resources, a skilled workforce, a strategic location and an entrepreneurial ecosystem. He indicated that the fresh investment would further strengthen the group's long-term association with the state through new industrial and energy projects.
The proposed investments are expected to generate more than 11,000 direct employment opportunities, along with several thousand indirect jobs across construction, logistics, manufacturing, engineering, services and allied sectors. The projects are also expected to contribute to industrial infrastructure development and strengthen local supply chains.
The Naveen Jindal Group already has a presence in India's steel and energy sectors through its businesses, and the latest proposal comes as several states compete to attract large manufacturing and clean energy investments. Jharkhand has also been focusing on expanding industrial investments by leveraging its mineral reserves, land availability and improving infrastructure to attract projects across steel, power and renewable energy sectors.
Source PTI
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