Ramsakal Prasad along with a friend, went to the Park for morning walk when four unidentified assailants intercepted him near the park gate and shot at him, Deputy Superintendent of Police, Jacinta Kerketta said.
She said critically injured Mr Prasad was rushed to Tata Main Hospital, where doctors declared him dead.
Mr Prasad, a resident of Bagbera, was a contractor engaged in construction sector in Odisha as well as Jamshedpur. He also owned buses.
The culprits escaped in two motorcycles after committing the crime according to eyewitnesses, she said.
The incident took place at a time when the district administration was busy making arrangements to receive Jharkhand Governor Draupadi Murmu, who was likely to make a stopover on way to Odisha, today.
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