Tata Sponge Iron has received an approval for setting a steel plant of capacity up to 1.5 MTPA, in phases at Beleipada, Keonjhar District in state of Odisha. The above is subject to the evaluation of financial viability of the project. The board of directors at its meeting held on July 21, 2017 has approved for the same.
The board has also authorized management of the company to apply and obtain the environmental and associated clearances from the concerned authorities for the aforesaid project.
Tata Sponge Iron produces and sells sponge iron in India. The company offers sponge iron to secondary steel sector for the production of steel.
