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