India's largest stainless steel producer, Jindal Stainless Ltd, plans to set up an independent power project in Orissa, a senior official said on Friday.
The company, which is setting up a separate firm for an infrastructure foray, would start by entering the logistics sector with its own trucks, Arvind Parekh, director for strategy and business development told Reuters.
"We will kick off with logistics first and then we will enter the power sector," Parekh said.
The new firm, Jindal Infrastructure & Utility Ltd, will also provide stainless steel designs for projects such as airport upgradation, he said. The parent would invest up to 5 billion rupees in a phased manner for setting up the firm, Parekh said.
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