-4.00 (-2.09%) Tata Steel is planning to enhance the capacity of its Kalinganagar project in Odisha to 8 million tonnes per annum (mtpa) against 6 mtpa proposed earlier. Earlier, the company had plans to produce six million tonnes in two phases originally, but now it is discussing to enhance the capacity to eight million tonnes.
The company’s performance is expected to improve in the last quarter compared to the previous two quarters.
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.