Secondary steel producer Jindal India Ltd, part of the BC Jindal group, announced a ₹1,500 crore capital expenditure plan which would benefit the company’s plant in Howrah.

Following the execution of the projects, the capacity of JIL, which has a registered office in Howrah, would be expanded to 1 million tonnes from 0.6 mt at present.

Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26.

This will enable JIL to increase production capacity for its existing products, expand its product portfolio to serve new segments such as solar and home appliances, a statement said.

The new production lines will be established at the company’s manufacturing facility in Ranihati, Howrah, with equipment supplied by machinery providers such as John Cockerill and Esmech Equipment (SMS Group). The other plant of JIL is located at Dhulagarh, Howrah.

A spokesperson from Delhi-based JIL said, “The increased focus on rapidly augmenting the nation’s highway network with critical safety components such as crash barriers is a key area where Jindal India has been adding value.

“We also aim to further expand our geographical footprint in the country, strengthen our dominance in products like colour coated sheets and diversify our product portfolio to include new segments such as solar.”

CESC wind project

CESC on Thursday said its arm has signed an agreement with Ecoren Energy India to set up a wind power project of up to 686.85 MW.

Ecoren Energy India Pvt Ltd is neither a related party nor a part of its promoter or promoter group, CESC Ltd said in an exchange filing.

“Subsidiary Purvah Green Power Private Ltd has entered into a binding term sheet with Ecoren Energy India...for setting up wind power project of up to 686.85 MW,” it said.

The project is likely to be commissioned within three years.