The Orissa government has signed a memorandum of understanding (MoU) with the Ratan Jindal-owned JSL Ltd for setting up a stainless steel park at Kalinganagar where the company is setting up a 1.6 million tonne integrated stainless steel plant. As per the MoU, JSL would develop, promote and manage the stainless steel park. It would provide internal infrastructure like roads, drainage, water and power and other external infrastructure linkages. JSL would make available the required quantity of stainless steel to the units in the park on normal terms pertaining to price, delivery and payment for processing. Five companies signed the letter of intent with JSL for setting up units in the stainless park. They are Empowertrans private Ltd, Jagdamba Exports, Jupitor India, Kraftsware Ltd and Kitchen Essentials. Industry minister Raghunath Mohanty, chief secretary T K Mishra and other senior officials of the government were present.
