Tata Steel Ltd.

Tata Steel is likely to invest about Rs 33.50 crore on environment protection and Rs 40 crore towards corporate social responsibility (CSR) activities for its industrial park coming up at Gopalpur. The steel firm aims to set up a 400,000 tonne per annum (tpa) rebar mill, 55,000 tpa capacity high carbon ferro-chrome plant and a sea water desalination plant with a capacity of 1.2 million gallons per day on around 450 acres of land at a cost of about Rs 800 crore.

The company is the anchor investor for the industrial park which is being set up on around 3,000 acres. The company had originally acquired this land in mid 90s to set up a steel plant, but later shelved the project. The company proposed to devote 34 percent (155 acres) of its total plant area (450 area) to green cover. The proposed project will provide employment to about 1000 persons during construction stage and about 430 persons during operation stage.

Recently, Tata Steel bagged $70 million order to supply 84,000 tonne rail for a new high-speed track for the new South-Europe-Atlantique line, a 302 km long-line connecting Bordeaux and Tours, two cities in France. The 108 metres long rails will give passengers a smoother ride and reduce maintenance costs.