Tata Steel has received an approval for next phase of expansion of capacity in Kalinganagar by 5 million tons per annum (MTPA) from 3 MTPA to 8 MTPA. This step has been taken following the successful implementation of the Phase I of the Kalinganagar Project in Odisha. The board of directors at its meeting held on December 18, 2017 has approved for the same.
The total capacity of Tata Steel India operations following the above expansion will be 18 million tons per annum. The project will cost the company Rs 23,500 crore and will be completed within 48 months. The project configuration and costs includes investments in raw material capacity expansion, upstream and midstream facilities, infrastructure and downstream facilities including a cold rolling mill complex.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
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