Bhubaneswar: Steel production at Tata Steel’s Kalinganagar plant in Odisha’s Jajpur district is set to increase from 3 million tonnes per annum (MTPA) to 8 MTPA with the second-phase expansion of the plant nearing completion.
With this, Odisha would emerge as Tate Steel’s single-largest investment destination and also help the company to achieve its target of 40 MTPA capacity in India by 2030. “The expansion at Kalinganagar is an integral component of Tata Steel’s ambitious target to attain 40 MTPA capacity by 2030. This will also enhance company’s capability to manufacture high-end value-added steel products. It will also catapult the eastern state to an enviable position of becoming the single largest investment destination for the country’s oldest steel maker,” the company said in a release.
Tata Steel has invested Rs 27,000 crore in phase-2 of Kalinganagar plant expansion.
“Even as the company is on the verge of commissioning its expanded capacity in Kalinganagar (to 8 MTPA), it believes that the plant has a further scope to double this to 16 MTPA in the coming years, which will further strengthen Odisha’s role in Tata Steel’s growth journey,” it further stated.
The company completed the first phase in 2015 with an investment of Rs 25,000 crore and further ramped up its capacity in Odisha through the acquisition of Neelachal Ispat Nigam Ltd (NINL) in 2022 with an additional investment of Rs 12,100 crore. Along with the Tata Steel Meramandali (formerly Bhushan Steel Ltd) plant in the Dhenkanal district, Tata Steel’s total investment in Odisha today stands over Rs 100,000 crore, it added.
Comments are closed.