Friday 27 December 2013

Tata Steel to set up 1st phase of 6MT plant in Odisha by March 2015

After completing 3 MT expansion in Jamshedpur, Tata Steel is all set to set up the first phase of its six million tonne (MT) plant at Kalinganagar in Odisha by March 2015. The said project has been alienated into two units of 3 MT each and will produce flat steel products for the automobile industry.

The work on the first phase of the project, involve an investment of the Rs 25,164 crore is in full swing. The plant is the largest ongoing single location investment with the first integrated green-field project for the company outside Jamshedpur. Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.

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