Naveen Jindal’s industry is planning to expand its industry from TMT rebars to nuclear energy plant in Jharkhand.

Right now, at Patratu in  Ramgarh district near Ranchi, Jindal plant produces its flagship Jindal Panther TMT rebars, which are trusted nationwide for their superior strength and earthquake resistance, particularly in high-seismic zones and critical infrastructure projects.

Also, Jindal Steel plays a strategic role in strengthening its presence in the eastern belt through the Patratu steel plant.

What has rocked Industry and business in Jharkhand is its announcement that Naveen Jindal plans to invest over Rs 70,000 crore to set up steel, nuclear energy and renewable energy projects in Jharkhand.

The group has also signed an agreement in this regard with the government of Jharkhand, Jindal had said in a video message on July 10.

"I am pleased to announce that the Naveen Jindal Group proposes to invest more than Rs 70,000 crore across steel, nuclear energy and renewable energy projects in the state," he had said.

The proposed investment includes Rs 40,000 crore in steel, strengthening Jharkhand's manufacturing ecosystem and creating around 10,000 direct employment opportunities, besides generating significant opportunities for MSMEs, downstream industries and local entrepreneurs.

The group also proposes to invest Rs 30,000 crore in nuclear energy. Reliable and affordable power is essential for sustained industrial growth. Nuclear energy will provide clean, dependable, round-the-clock power, create highly skilled employment and support the growth of future industries, including data centres and advanced manufacturing, Jindal said.

"In addition, we propose to invest Rs 650 crore in solar energy, supporting Jharkhand's clean energy ambitions," he stated.

About the agreement with the Jharkhand government, the industrialist said the state has a strong industrial foundation. Its natural resources, skilled workforce, strategic location and entrepreneurial spirit make it an important destination for long-term investment. The investments will deepen the group's association with the state through this new commitment.

"These investments are expected to create more than 11,000 direct jobs, along with many thousands of indirect employment opportunities across construction, logistics, manufacturing, services and allied sectors. This investment reflects our confidence in Jharkhand's future. It will strengthen industrial capacity, expand employment opportunities and support the state's contribution to India's manufacturing and clean energy ambitions," he said.