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