August 20,
Tata Steel has finally geared up to utilize its 3,200 acres of land lying idle at Gopalpur in Orissa. The company is all set to launch two projects: a 50,000 tonne per annum ferroalloys plant and 40,000 tonne per annum bar mill in the proposed industrial park.
The two projects together are estimated to cost about 1000 crore & expected to commission in 30 months time line.
But their ultimate objective is to make the industrial park attractive for investors in the field of steel and steel downstream, specialty and bulk chemicals and engineering”, said a senior official of the company.
For the bar mill, the company intends to get the ingots from Jamshedpur by rail and road. Similarly, the company will source raw material for the ferroalloys plant, which will be a backward integration project for the company’s proposed 6MTplant at Kalinganagar, from its Chromite mines in Sukinda valley.
The infrastructure for the industrial park will jointly be developed by Tata Steel and its associate company, Tata Realty and Infrastructure Ltd (TRIL).
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