Kolkata, 15 November: With the Rs 35,000-crore integrated steel plant by JSW Bengal failing to take off, the state government has advised the company to venture into power.
“The chief minister has suggested that we go in for a power plant, as due to the issue of iron ore, no banker was keen for financial closure,” JSW Bengal CEO Biswadeep Gupta said.
He said the government will help in bringing changes in the agreement.
JSW Bengal was planning to set up a 660-MW power plant at a cost of Rs 5,000-6,000 crore. The company was unable to get iron ore linkages for the steel project. Mr Gupta said in the next three to four months, the company is expected to get clearances, and ground breaking for the power project is expected in April, 2014. pti