Tata Steel’s arm to invest Rs 2500 crore for development of infrastructure in Odisha

Tata Steel SEZ, wholly owned subsidiary of Tata Steel is planning to invest about Rs 2,000-2,500 crore for development of infrastructure at Gopalpur in Odisha in the near term.

The company has already spent Rs 1,000 crore to set up a 55,000 TPA high carbon ferro chrome plant and development of infrastructure. The SEZ has received clearance from Odisha government for setting up an industrial park.

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.