On Puja eve, Bengal gets ₹1.7k cr investment from Jindal, Ellenbarrie

Udit Prasanna Mukherjee / Sep 20, 2024, 04:23 IST

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On Puja eve, Bengal gets ₹1.7k cr investment from Jindal, Ellenbarrie

Kolkata: It’s a double bonanza for Bengal ahead of Durga Puja. Kolkata-based Ellenbarrie Gases and Jindal India Ltd have announced over Rs 1,700 crore investment in the state in next two years. While Ellenbarrie, one of the oldest gas companies in India, would invest close to Rs 200 crore, Jindal India would invest over Rs 1,500 crore.Ellenbarrie Gases is also planning to tap the capital market with an IPO of over Rs 400 crore. A major portion of the proceeds would be utilised to expand its unit at Uluberia.. A 220 TPD (ton per day) air separation unit would be established. The total estimated cost is Rs 190 crore which comprises the acquisition of land on a leasehold basis and setting of the plant. A part of the investment would come from internal accruals.

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BC Jindal Group firm Jindal India is investing for a strategic capacity expansion of 0.6 million ton, a 60% increase from its current capacity of 1 million ton per annum. The new production lines will be established at the company’s manufacturing facility in Howrah’s Ranihati with equipment supplied by leading machinery providers like John Cockerill and Esmech Equipment (SMS Group).

The company has said that the production from the newly added capacity, focusing on coated flat products, pipes and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. “The primary focus of this capacity expansion will be on adding new lines for coated flat products. This will enable Jindal India to increase production capacity for its existing products, expand its product portfolio to serve new segments such as solar and home appliances, and contribute to import substitution, reinforcing the company’s commitment to innovation and market growth,” a statement from the company said. Jindal India has two state-of-the-art factories located at Howrah. The company’s capabilities include advanced colour coating, galvanizing, and galvalume technologies.We also published the following articles recently

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