-3.10 (-1.65%) Tata Steel’s wholly owned subsidiary -- Tata Steel Processing and Distribution has received an approval from the Government of Odisha for setting up a manufacturing unit with investment of Rs 92 crore. The investment proposal was the 400th to be made through government of Odisha's GO-SWIFT initiative.
The company’s proposal was to set up a manufacturing unit of steel doors and windows with capacity of 1.80 units per year at Kalinganagar industrial complex, Jajpur in the state of Odisha.
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.