The Jain Group marks its presence in steel through Jain Steel & Power Limited. JSPL is setting up an integrated steel plant in two phases at Jharsuguda in Orissa with an aggregate capacity of 0.3 MTPA. The first phase comprises of a Sponge Iron Plant (DRI Plant) of 1, 10,000 TPA, Captive Power Plant (CPP) of 8 MW and a Steel Melt Shop of 80,000 TPA capacity. While the DRI unit has already commenced operations, the 8 MW CPP unit is under commissioning the SMS unit is expected to commence operations from January 2011. In phase II, JSPL plans to set up a MBF, Rolling Mill, and a Coal Washery besides expansion of SMS and DRI units. It will also set up another CPP of 24 MW. JSPL has signed a ‘MOU’ with the Government of Orissa in which the state government agrees to assist in obtaining iron ore.Coal linkage with MCL has been executed. The Sponge Iron production will have a forward integration into value added products like Billets and Bars.
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JSPL has a subsidiary, Jain Natural Resources Australia PTY Ltd. in Australia, which has a mandate for Coal Exploration & Minerals Mining.