JSW Group to invest Rs 40000 crore in Odisha for EV and battery plant
Sajjan Jindal led JSW Group has firmed up plans to invest Rs 40,000 crore in Odisha to set up electric vehicle and battery manufacturing facilities Chairman Sajjan Jindal told ET.
The investments, to be made in phases, will be utilised to set up manufacturing facilities with annual production capacity for 100,000 commercial vehicles, 300,000 electric cars and 50 GwH batteries for both mobility and energy storage systems. This would take the Group’s total proposed investment in the state to Rs 200,000 crore across automobile, mining, steel, power and cement industries.
