Ad Here  
January
February
March
April
May
June
 
 
Pharma market dozes Chennai Port is at last decongested! Holiday Inn opens in OMR Chennai Purdue and IIT-M sign the dotted line Realty sector takes a break... Realising double digit growth in Tamil Nadu Industry-well poised to invest on expansion Techies trip to India Is Indian telecom industry heading for a monopoly? Veritas Finance- financing the unfinanced TiE applauds innovative entrepreneurs AirAsia India infuses funds to fight out competition Ridley marathon to India Rating of states to be released soon Illicit markets a concern to growing economy Scoot offers just Rs.13,500 to ANZ... LVB gears to become a financial supermarket TCS’ revenues cross Rs 100,000 crore Research needs more funding An aerospace-defence cluster in Tamil Nadu… People Flow Day- Safety Strategy war escalates between Hero and Honda Nothing to hide... An American alliance in the chemical industry? TII’s single largest investment at Thiruthani SumInfra- corridor based development... STFC raises money Focus on self-certification and third party inspection Nigeria comes nearer Indigo stays leader with 40 per cent share Blue Star plans a new plant in south Well-refined – RIL’s refinery margins zoom Big-ticket investments march towards Punjab World labour laws at a glance Downsizing spree... ISRO's 100th mission Brand leaders come forward... Business Briefs Economic, business and social sustainability Auto test tracks launched at GARC Oragadam campus Gem of social service... Chola MS net crosses 100 crores Apple maps – finding its way Three more leather clusters… Investor friendly Japan Connecting the unconnected TN budget pragmatic and moderate on fiscal deficit Digital retail transactions stabilise at higher level… Adding Zest to Scooty Business Breif Backpack laboratory BRICS development bank Need to focus on ease of doing business... Waste, a gold mine Hyundai excites again Schwing Stetter India joins hands with US-based Gomaco Celebrating 180 years of relevance Housing Innovation Challenge, 2015 A global plastic event in India Bridging the skill deficit in pharma industry Automotive Vision Plan II... Chennai to get a roundabout Metro Flexible labour laws… Dynamic e-commerce scenario Striking cords for 25 years… Secured NCDs from Shriram City Indian Bank – global businesses crosses Rs 3 lakh crore... IFCI to raise NCDs upto Rs 2000 crore Chennai will soon get its World Trade Centre WABCO’s second Chennai plant Four daughters and a proud father Hero Motocorp - smooth ride Climate change may change the way businesses work... Changing dynamics in human resource management CUB: towards card-less withdrawal Time to fast-pace the logistics sector Airlines wage price war Celebration time at MS Chola Towards peace of mind Reality bytes Sun Edison launches solar pumps ALL to launch electric busses Applauding enterprise... More gensets and diesel engines from TAFE Creating Tamil Nadu Banana brand On the ‘milky’ way Carrefour’s quick exit Economic issues take a back seat at G20 summit Chola MS launches motor app When Centre visits the state OBO Bettermann for better lightning protection Placing the right shoe forward... European crisis is a global crisis! Curbing steel imports will hurt small business... - Steel loses its sheen Make way for the new and dynamic railways The new look- 4s Verna Inclusive and forward moving... ALL-two launches in a row ALL – truck industry is recovering from degrowth Murugappa- a year of consolidation Smart controls for cooling large multi-zone spaces ... Tata Steel commence operations at Kalinganagar TOP 10 CEO Compensation ECGC expands operations Durga - India’s largest blast furnace; now operational TVS Logistics – another acquisition to sharpen the business model Innovation that helped Chennai port TII-challenging year with flat growth
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com