Tata Steel SEZ invests Rs2, 000crore in developing infrastructure

Tata Steel SEZ invests Rs2, 000crore in developing infrastructure

By Accommodation Times News Service

Tata Steel SEZ said it plans to invest about Rs 2,000-2,500 crore for development of infrastructure at Gopalpur in Odisha in the near term

Tata Steel India Managing Director TV Narendran said the first phase of Kalinganagar plant in Odisha is scheduled to start commercial production at the beginning of next financial year, while the second phase ramp up with happen once demand gets better.

The steelmaker has spent more than Rs. 25000crore in the last 10 years to build a 6 million tonne steelmaking plant in Odisha. The commissioning of first phase of 3 mt has faced several delays until date.





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