Tata Steel's Major Expansion: Odisha to Become Primary Investment Hub

Tata Steel announces phase-II expansion of its Kalinganagar plant in Odisha, boosting its capacity from 3 million tonnes per annum to 8 mtpa. With significant investments in the region, Odisha is set to become the company's largest investment destination, aiding Tata Steel's goal of 40 mtpa by 2030.

Tata Steel has confirmed that Odisha will become its primary investment hub following the phase-II expansion of its Kalinganagar plant, increasing its capacity from 3 million tonnes per annum (mtpa) to 8 mtpa.

The steel major has invested Rs 27,000 crore in the expansion, aiming to achieve a total production capacity of 40 mtpa in India by 2030. Tata Steel's substantial investments in Odisha, now exceeding Rs 100,000 crore, include the acquisition of Neelachal Ispat Nigam Ltd and the Meramandali plant.

The company highlights Odisha's mineral wealth, skilled workforce, and investor-friendly policies as key factors in its growth, with further plans to double Kalinganagar's capacity to 16 mtpa in the future.

(With inputs from agencies.)