Jindal Steel and Power (JSPL) is likely to sign an MoU with the Orissa Government for setting up a coal-to-liquid (CTL) plant in the state.
The proposed CTL facility will be set up at a cost of Rs 45,000 crore. After signing the MoU, the company will commence the work on the project in 2013. The company has already identified a barren land for the plant which will manufacture 80,000 barrel of liquid petroleum products. Also,it has already been allocated a coal block for the purpose of raw material in the proposed CTL plant.