Tata Is Ready To Set Up A Steel Park in Odisha

Tata Steel had apparently written to the state government conveying its interest in anchoring the proposed downstream park next to its newest greenfield plant currently being ramped up from 3mtpa (million tons per annum) to an 8mtpa facility.

“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.