Jindal Stainless Ltd. on Wednesday, October 15, announced it is investing $150 million to build and operate a new wet milling plant in Jajpur, Odisha to double its capacity to recover metal from industrial waste.

The steel producer has forged a 15-year partnership with Harsco Environmental to build and operate the plant.

"Over the agreement period, this plant will pay back the equivalent value through metal recovery from slag," the management said in a statement.

This initiative will support not only the company’s effort to reduce waste and conserve natural resources, it will also create about 140 new jobs in the region, the company said.

Abhyuday Jindal, Managing Director, Jindal Stainless said, “As we expand capacity to meet the rising stainless steel demand in India and globally, o

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