Ad Here  
Indian Bank – global businesses crosses Rs 3 lakh crore... TOP 10 CEO Compensation On the ‘milky’ way TII-challenging year with flat growth Backpack laboratory Smart controls for cooling large multi-zone spaces ... Digital retail transactions stabilise at higher level… Carrefour’s quick exit IFCI to raise NCDs upto Rs 2000 crore Inclusive and forward moving... ECGC expands operations World labour laws at a glance Make way for the new and dynamic railways Durga - India’s largest blast furnace; now operational SumInfra- corridor based development... Chola MS launches motor app Industry-well poised to invest on expansion TII’s single largest investment at Thiruthani An aerospace-defence cluster in Tamil Nadu… - Climate change may change the way businesses work... ALL – truck industry is recovering from degrowth Curbing steel imports will hurt small business... Connecting the unconnected Economic issues take a back seat at G20 summit Business Briefs Housing Innovation Challenge, 2015 Pharma market dozes Scoot offers just Rs.13,500 to ANZ... BRICS development bank Well-refined – RIL’s refinery margins zoom Placing the right shoe forward... The new look- 4s Verna Focus on self-certification and third party inspection Chennai to get a roundabout Metro Illicit markets a concern to growing economy Changing dynamics in human resource management TiE applauds innovative entrepreneurs Apple maps – finding its way Need to focus on ease of doing business... Research needs more funding CUB: towards card-less withdrawal Flexible labour laws… Blue Star plans a new plant in south Investor friendly Japan OBO Bettermann for better lightning protection Innovation that helped Chennai port TCS’ revenues cross Rs 100,000 crore WABCO’s second Chennai plant Chola MS net crosses 100 crores STFC raises money Realty sector takes a break... Applauding enterprise... Hyundai excites again LVB gears to become a financial supermarket ISRO's 100th mission Nothing to hide... Economic, business and social sustainability Airlines wage price war Four daughters and a proud father Brand leaders come forward... ALL-two launches in a row Chennai Port is at last decongested! Towards peace of mind Sun Edison launches solar pumps Schwing Stetter India joins hands with US-based Gomaco Holiday Inn opens in OMR Chennai Ridley marathon to India When Centre visits the state Tata Steel commence operations at Kalinganagar More gensets and diesel engines from TAFE Time to fast-pace the logistics sector Dynamic e-commerce scenario Techies trip to India Strategy war escalates between Hero and Honda Secured NCDs from Shriram City European crisis is a global crisis! Nigeria comes nearer Striking cords for 25 years… Steel loses its sheen Chennai will soon get its World Trade Centre Purdue and IIT-M sign the dotted line Three more leather clusters… Reality bytes Downsizing spree... Adding Zest to Scooty Auto test tracks launched at GARC Oragadam campus Waste, a gold mine TN budget pragmatic and moderate on fiscal deficit A global plastic event in India Is Indian telecom industry heading for a monopoly? Big-ticket investments march towards Punjab AirAsia India infuses funds to fight out competition Bridging the skill deficit in pharma industry People Flow Day- Safety Celebration time at MS Chola Realising double digit growth in Tamil Nadu Business Breif TVS Logistics – another acquisition to sharpen the business model Indigo stays leader with 40 per cent share An American alliance in the chemical industry? Murugappa- a year of consolidation Hero Motocorp - smooth ride Gem of social service... Celebrating 180 years of relevance Automotive Vision Plan II... Veritas Finance- financing the unfinanced ALL to launch electric busses Rating of states to be released soon Creating Tamil Nadu Banana brand
Tata Steel commence operations at Kalinganagar

Odisha Chief Minister Naveen Patnaik dedicated the first phase of the Tata Steel Kalinganagar plant to the nation on 18 November. In the first phase, the steel plant has a capacity of 3 million tonne of sophisticated products that are in high demand by the automobile and a range of consumer durable products. The state-of-the-art plant has cost Rs 25,000 crore in the first phase built with facilities for taking the expansion to six million tonnes. This would involve additional expenditure of around Rs 15,000 crore. Addressing during the inaugural ceremony, Odisha Chief Minister Naveen Patnaik said, “Kalinganagar has been transformed into a steel hub of the country. Tata Steel’s plant will be a milestone in the industrial history of the state and it will help in financial progress of Jajpur as well as Odisha.”

With this new plant, Tata Steel’s capacity has increased to 13 million tonnes. With the second phase adding another 3 million tonnes, there is the potential to take capacity over the next couple of years to 16 million tonnes. The green field site will lend for further large-scale expansion.  During the inauguration, Tata Sons Group Chairman, Cyrus P Mistry, said that Odisha is poised for a 20 per cent growth rate by 2020. Mistry pointed to  Tata Steel investing around Rs 2000 crore in iron ore and mining operation in the state in coming years. T V Narendran, Managing Director, Tata Steel stated that the Odisha plant is the largest single location green field project in the country and the facilities will manufacture highly specialised and customised steels for auto, oil  and gas sectors.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236