Naveen Jindal Group to Invest Rs 70,000 Crore in Jharkhand Across Steel, Nuclear and Solar

Industrialist Naveen Jindal on Friday unveiled an ambitious plan to invest more than Rs 70,000 crore in Jharkhand , with projects spanning steel, nuclear energy and renewable energy , marking one of the largest private investment commitments announced for the state in recent years.

The proposed investment follows the signing of an agreement between the Naveen Jindal Group and the Jharkhand government . Jindal said the initiative reflects the group's long-term confidence in the state's industrial potential and its role in India's manufacturing and clean-energy journey.

A major portion of the investment, about Rs 40,000 crore , will be directed towards expanding steel operations. The project is expected to strengthen Jharkhand's manufacturing ecosystem and generate around 10,000 direct jobs , while also creating significant opportunities for MSMEs, downstream industries and local entrepreneurs .

The group has also proposed an investment of Rs 30,000 crore in nuclear energy . Jindal described nuclear power as a reliable and affordable source of electricity capable of providing clean, round-the-clock energy. He said such infrastructure would help support the growth of future-oriented sectors, including data centres and advanced manufacturing , while creating highly skilled employment opportunities.

In addition, the company plans to invest Rs 650 crore in solar energy , aligning with Jharkhand's efforts to expand its renewable-energy capacity and reduce dependence on conventional sources.

Calling Jharkhand an important destination for long-term investment, Jindal highlighted the state's rich natural resources, skilled workforce, strategic location and entrepreneurial spirit. According to the company, the projects are expected to create more than 11,000 direct jobs , besides generating many thousands of indirect employment opportunities in construction, logistics, manufacturing, services and allied sectors.

The announcement underscores the growing push to combine industrial expansion with clean-energy development as India seeks to strengthen its manufacturing base and energy security.