JSW will Invest Rs. 40000 Crore for EV and Battery Production Unit

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JSW is planning to invest Rs. 40,000 crore in the state of Odisha for an electric vehicle and EV battery manufacturing facility. The JSW group has officially signed the memorandum of understanding MoU for the implementation of this project. JSW is one of the largest business conglomerates in India. As per the media reports EV and electric manufacturing facility of JSW group will be set up in Cuttack and Paradip City of Odisha.

JSW will Invest Rs. 40000 Crore for EV and Battery Production Unit

JSW Group will set up Electric Vehicle Manufacturing Facility in Odisha

JSW group is planning to set up the electric vehicle and components manufacturing facility in Odisha by investing Rs. 40,000 Crore. These electric vehicle and component manufacturing facilities will be established in Cuttack and Paradip. This EV and components manufacturing facilities will create more than 11,000 jobs in the state of Odisha. The company will strategically invest Rs. 40,000 crore in different phases. For your Information, we would like to tell you that the  JSW is one of the largest manufacturers and suppliers of Steel and steel-related products in India.

New electric vehicle and EV battery production facility in Odisha
Image for Representation Purpose Only

Important Highlights of JSW EV and EV Components Manufacturing Project in Odisha

Here we are sharing the important highlights of the JSW EV manufacturing project in Odisha.

  • The electric vehicle and EV battery manufacturing facility will be set in Naraj, Cuttack city
  • The capacity of the battery manufacturing facility will be 50 GWH
  • The electric vehicle components manufacturing unit will be set in Paradip
  • The electric vehicle components manufacturing unit will easily manufacture components for 1 lakh commercial electric vehicles and 3 lakh electric cars annually.
  • This project will be the world’s largest single-location project in the electric vehicle sector
  • One research and development center will also be set up for adopting new technologies and innovations in the electric vehicle sector.
  • The components manufacturing facility will also house copper and lithium smelters
  • The capacity of Lithium smelters is 60,000 tonnes per annum and the capacity of copper smelters will be 1 million tonnes per annum.
  • The JSW will invest Rs. 25,000 crore in the first and second phase.
  • In the third phase of investment, the company will invest Rs. 15,000 Crore
Jindal Steel will invest Rs 40000 crore in Odisha to eastablish Ev production facility in odisha

Benefits of JSW Electric Vehicle and EV Components Manufacturing Facility

 The Jindal electric vehicle and components manufacturing unit will put Odisha on the World’s map of electric vehicles. Here we are discussing the perks and benefits of JSW EV facility in Odisha.

R&D Center in JSW Odisha EV manufacturing facility
  • This project will create more than 11,000 jobs in Odisha
  • Odisha will become the epicenter for other small electric vehicle-related companies
  • Gradually it will become an ideal place for other EV manufacturers

We will update our page as soon as we get more updates about the JSW Rs. 40,000 Crore investments in Odisha for establishing Electric vehicles, EV Batteries, and component manufacturing facilities.

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