Tata Steel Ltd.

Tata Steel is hopeful that the first phase of its 6 million tonnes per annum steel project at Kalinganagar, in Orissa is likely to be complete by December 2013. The project at Kalinganagar, in Jajpur district of Orissa, entails an investment of about Rs 34,500 crore. It has purchased nearly 3,040.398 acres of land for its proposed 6-MTPA steel project in Orissa, out of the proposed 3,500 acres.

The company has been ordered all the major equipment required for the project and construction of the plant is likely to commence soon. The first phase of the plant envisages 3 MTPA of crude steel production capacity, feeding hot and cold rolling mills. By March, 2015 the second phase, with equal capacity, is likely to be completed.

The plant will produce premium flat and value-added products and supplement the production capacities of its Jamshedpur plant. Tata Steel and Tata Power will set up a joint venture company, Industrial Energy, for power requirement of the project.