Industrialist Naveen Jindal has announced plans to invest more than ₹70,000 crore in Jharkhand across steel, nuclear energy and renewable energy projects after signing an agreement with the state government.
In a video message, Jindal said the Naveen Jindal Group will invest over ₹40,000 crore in steel projects, ₹30,000 crore in nuclear energy and ₹650 crore in solar power, reinforcing the group’s long-term commitment to the state.
The proposed steel investment is expected to strengthen Jharkhand’s manufacturing ecosystem and create around 10,000 direct jobs, while also generating opportunities for MSMEs, downstream industries and local entrepreneurs.
Jindal said the proposed nuclear energy investment would provide clean, reliable and affordable round-the-clock power, support the growth of advanced manufacturing and data centres, and create highly skilled employment opportunities.
The ₹650 crore solar energy investment is aimed at supporting Jharkhand’s clean energy ambitions and expanding its renewable energy capacity.
Highlighting the state’s industrial strengths, Jindal said Jharkhand’s abundant natural resources, skilled workforce, strategic location and entrepreneurial ecosystem make it an attractive destination for long-term investments.
According to the company, the overall investment is expected to generate more than 11,000 direct jobs, along with thousands of indirect employment opportunities across construction, logistics, manufacturing, services and allied sectors.
Jindal said the investment reflects the group’s confidence in Jharkhand’s future and will help strengthen the state’s industrial capacity while contributing to India’s manufacturing and clean energy goals.
