Tata Steel Ltd.

Tata Steel is planning to set up first phase of its upcoming steel plant at Kalinga Nagar in Odisha. The commissioning will be somewhere between October 2012 - March 2013. The first phase will have a capacity of 3.5 million tonne. Further, the second phase, which will increase Kalinga Nagar steel unit’s total production capacity to 5.5 million tonne per annum (mtpa), will be completed by March 2015.

The company has invested over Rs 11,000 crore in the new plant, which will produce flat steel products. The company has kept a capex of about Rs 4,000 crore this year for the Kalinga Nagar unit.

In addition, the company also plans to produce about 8 million tonne of steel in the current year as it will be adding new capacity at its existing unit in Jamshedpur.

Earlier, the company kept a capex of $2.5 billion for the current fiscal on its existing and expansion activities. Of this, the company will be spending $800 million on Kalinga Nagar unit, while its Tata Steel Europe would get about $600 million and the new 2.9 million tonne unit at Jamshedpur will get about $400-500 million.