Tata Steel's Kalinganagar Expansion to Make Odisha India's Largest Investment Destination
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Tata Steel Limited's significant investment in its Kalinganagar steel plant in Odisha is set to make the eastern Indian state the company's largest investment destination.
The second phase expansion of the Kalinganagar steel mill, which is nearing completion, will increase its capacity from 3 million metric tons (mt) to 8 million mt per year. This expansion, valued at $3.21 billion, will play a crucial role in Tata Steel's ambitious plan to achieve a total capacity of 40 million mt per year in India by 2030.
With the addition of the expanded Kalinganagar plant and the existing Tata Steel Meramandali plant in Dhenkanal district, Tata Steel's total investment in Odisha will exceed $12 billion.
Tata Steel believes that the Kalinganagar plant has further potential to double its capacity to 16 million mt per year in the future. This expansion will further solidify Odisha's position as a key strategic location for Tata Steel's growth in India.
The completion of the Kalinganagar expansion will not only boost steel production in Odisha but also create employment opportunities and contribute to the state's economic development.
Tata Steel Limited's significant investment in its Kalinganagar steel plant in Odisha is set to make the eastern Indian state the company's largest investment destination.
The second phase expansion of the Kalinganagar steel mill, which is nearing completion, will increase its capacity from 3 million metric tons (mt) to 8 million mt per year. This expansion, valued at $3.21 billion, will play a crucial role in Tata Steel's ambitious plan to achieve a total capacity of 40 million mt per year in India by 2030.
With the addition of the expanded Kalinganagar plant and the existing Tata Steel Meramandali plant in Dhenkanal district, Tata Steel's total investment in Odisha will exceed $12 billion.
Tata Steel believes that the Kalinganagar plant has further potential to double its capacity to 16 million mt per year in the future. This expansion will further solidify Odisha's position as a key strategic location for Tata Steel's growth in India.
The completion of the Kalinganagar expansion will not only boost steel production in Odisha but also create employment opportunities and contribute to the state's economic development.
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