Naveen Jindal-led Jindal Steel and Power will be investing close to ₹7,500 crore to set up a 2.25 MTPA integrated steel plant in Andhra Pradesh, near the Krishnapatnam port.
“The investment is through the company’s subsidiary, Jindal Steel Andhra Limited. The company has identified Krishnapatnam port as a strategic location for setting up the plant,” said a person close to the development requesting anonymity.
