-4.00 (-2.09%) Tata Steel is planning to initiate second phase expansion at Kalinganagar plant in Odisha to double its capacity to 6 mtpa, but has no proposal to set up another green-field steel plant in immediate future. Kalinganagar plant, set up at an investment of over Rs 25,000 crore, is likely to reach break even by the end of this fiscal.
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.