Tata Steel announced on Monday that Odisha is set to become the company’s largest 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 company has invested Rs 27,000 crore in this phase of the Kalinganagar plant expansion, with the expanded capacity soon to be operational, according to the company’s statement. This expansion is a crucial step in Tata Steel’s broader goal of reaching 40 mtpa production capacity in India by 2030.
“The phase-II expansion of the companies Kalinganagar plant in Odisha’s Jajpur district will elevate the state’s status as the largest investment destination for India’s oldest steelmaker,” the company noted in its release.
Combined with the the companies Meramandali plant (formerly Bhushan Steel Ltd) in Dhenkanal district, Tata Steel’s total investment in Odisha exceeds Rs 100,000 crore. While the Kalinganagar facility is nearing its expanded 8 mtpa capacity,
The company envisions further growth, with plans to double capacity to 16 mtpa in the future, strengthening Odisha’s key role in the company’s growth strategy. Tata Steel, a flagship company of the Tata Group, is one of the world’s largest and most geographically diverse steel producers.
Founded in 1907, Tata Steel was India’s first integrated steel plant and has since grown into a global leader in the steel industry, with operations spanning over 26 countries. The company is known for its commitment to innovation, sustainability, and excellence in steel production.
Tata Steel produces a wide range of high-quality steel products used in automotive, construction, engineering, and other industries. It has also made significant strides in sustainability, with a focus on reducing carbon emissions and promoting circular economy practices. With a rich legacy of over a century, Tata Steel continues to play a vital role in India’s industrial growth and global steel manufacturing.
