Tata Steel is likely to commission phase I of Kalinganagar project by August 2014. The company is setting up a six million tpa greenfield steel project in Odisha. The phase I of the project with three million tpa capacity will entail an investment of around Rs 25,000 crore.
In addition to this, Tata Steel also plans to introduce two more new industrial park projects at Gopalpur, first is bar mill and the second one is ferroalloys plant. Tata steel will invest Rs 1,000 crore on both the projects. The ferroalloys plant will have capacity of 50,000 tonne per annum with an investment of around Rs 200 to 250 crore whereas the bar mills project will require an investment of around Rs 750 to Rs 800 crore. However, the company seeks coastal regulatory zone nod for both the projects.