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