Indian industrialist Naveen Jindal announced that his group has signed an initial pact with the eastern state of Jharkhand to invest more than 700 billion rupees ($8.4 billion) in industrial and energy projects. The proposed capital expenditure will target the steel, nuclear energy, and renewable energy sectors, marking a significant expansion into clean tech for the conglomerate. "I am pleased to announce that the Naveen Jindal Group proposes to invest more than ₹70,000 crore across steel, nuclear energy and renewable energy projects in the state," Jindal said in a video message. The investment is poised to enhance the state's manufacturing base, though granular details regarding project financing, exact locations, and execution timelines were not immediately available. News by Rahul Yelligetti.
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