Tata Is Ready To Set Up A Steel Park in Odisha
“We are happy that Tata Steel has also conveyed its agreement to set up an industrial park in Kalinganagar, which will provide a significant boost to steel downstream units. We are expecting a formal application from the company soon,” Sanjeev Chopra, principal secretary, Industries Department, Government of Odisha.
So far, Jindal Steel and Power has committed an investment of ` 600 crore in a proposed 500 acres Ancillary Park near its Angul steel plant, Vedanta is developing a downstream park near its smelter at Jharsuguda and expects to host over a 100 units in the 250 acres area. Jindal Stainless, also located at Kalinganagar, has announced an investment of ` 770 crore in 300 acre Steel Park. The state’s Industrial Infrastructure Development Corporation (Idco) has partnered with National aluminium company (Nalco) for a downstream park at Angul while the latter has also announced another downstream complex at Kamkhyanagar in Dhenkanal.
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