Industries
Although the mica mining actvitiy has declined, Jhumri Tilaiya still remains an important mica center in the Koderma-Hazaribagh Industrial Area, according to a 2008 IBEF report. Telaiya has become incubator for small scale industries because of its proximity to easy access to minerals, good road-rail connectivity and good power infrastructure (due to the Damodar Valley Corporation sub station).
The region is a Ranchi Industrial Area Development Authority (RIADA) industrial area, which has hand pump and mica powder manufacturing units. Telaiya has numerous sponge iron plants and mica units. The Tilaiya Ultra Mega Power Project (UMPP) is an upcoming coal-based power in the Hazaribagh district, not far away from Jhumri Telaiya. The Koderma Thermal Power station at Banjhedih is another power plant in the area.
On the banking sector, many national and private banks are available including State Bank of India, Union Bank of India, Bank of Baroda, Bank of India, United Bank of India, Allahabad Bank, ICICI Bank, HDFC Bank etc. along with their ATMs.
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