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Tata Steel to commission first phase of Orissa plant by end-FY13

22 Feb 2011 Evaluate

Tata Steel said plans to commission the first phase of its six million tonne steel plant at Kalinganagar, Orissa by the end of 2012-13 fiscal. The company is investing Rs 17,000 crore on the project. Tata Steel recently raised Rs 3,477 crore through a follow-on public offer and part of the proceeds would be invested in the project. The steel plant will have an initial capacity of three million tonnes a year, which will later be ramped up to six million tonnes.crackcrack

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Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
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