Tata Steel receives SEZ status for Gopalpur project: Report

Tata Steel has reportedly received status of a Special Economic Zone (SEZ) for its Gopalpur project in south Odisha. The SEZ notification promises to draw firm investments to the Gopalpur project where the steel company is the anchor tenant.

The SEZ notification is for 500 hectares (or 1,235 acres). The Gopalpur multi-product SEZ has the potential to attract investments of the order of Rs 15,000 crore. Investments are expected to flow in areas like defence, electronics, LEDs (light emitting diodes) and solar cells.

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.