Naveen Jindal Group to Invest Over INR 70,000 Crore in Jharkhand Across Nuclear, Solar and Steel Projects

The Naveen Jindal Group has announced plans to invest more than INR 70,000 crore in Jharkhand across steel, nuclear energy and renewable energy projects after signing an agreement with the state government.

Industrialist Naveen Jindal said that the proposed investment includes INR 40,000 crore for steel projects. The investment is aimed at strengthening Jharkhand's manufacturing ecosystem and is expected to create around 10,000 direct employment opportunities. It is also expected to generate significant opportunities for MSMEs, downstream industries and local entrepreneurs.

The group has also proposed to invest INR 30,000 crore in nuclear energy projects. Jindal said that reliable and affordable power is essential for sustained industrial growth, adding that nuclear energy will provide clean, dependable and round the clock power. He said that  the investment will create highly skilled employment opportunities and support the growth of future industries, including data centres and advanced manufacturing.

In addition, the group plans to invest INR 650 crore in solar energy projects to support Jharkhand's clean energy ambitions.

Commenting on the agreement with the Jharkhand government, Jindal said that the state has a strong industrial foundation, with natural resources, a skilled workforce, strategic location and entrepreneurial spirit making it an important destination for long term investment. He said that the new commitment would further strengthen the group's association with the state.

According to Jindal, the proposed 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. He added that the investment reflects the group's confidence in Jharkhand's future and will strengthen industrial capacity, expand employment opportunities and support the state's contribution to India's manufacturing and clean energy ambitions.