India, March 2 -- A mega steel plant will be established in Patna area of Odisha's Keonjhar district.

Chief Minister Mohan Charan Majhi revealed this while speaking at an event in Champua area of Keonjhar today.

"A mega steel plant will be established in Patna area of Keonjhar with an investment of around Rs 40,000 crore. An MoU in this regard has been signed with the JSW Group and Korean steel major POSCO. We are in regular touch with all stakeholders for early execution of the project," said the Chief Minister.

The Chief Minister further announced that around Rs 1 lakh crore will be invested in various industrial projects in Keonjhar for rapid development of the district.

"Industrial projects will come up at several places in Keonj...