Indian steel major Tata Steel commissioned the first phase (3 million tonnes per annum) of its 6 MTPA capacity Kalinganagar Steel Plant — the largest single-location greenfield steel project in India — in Odisha on Wednesday.
The company plans to expand the plant’s capacity to 16 MTPA by 2025 with the cumulative investment amounting to Rs.1,00,000 crore.
The state-of-the-art plant, which will produce world-class flat and lighter, high-tensile strength steel, was dedicated to the nation by Chief Minister Naveen Patnaik, in the presence of Tata Sons Chairman Cyrus P Mistry and Tata Steel Managing Director T. V. Narendran. With the commissioning of the plant, Tata Steel’s capacity to produce crude steel in India has touched 13 MTPA.
First phase investment
Built at an investment of over Rs.25,000 crore in the first phase, the Kalinganagar plant boasts of India’s largest blast furnace at 4,330 cubic meter with production capacity of 3.2 MTPA, the company said. The plant will witness the seamless movement of raw material with its twin wagon tippler, the first installation in India having unloading capacity of 20 MTPA. The steel plant claims to have the most advanced carbon hearth technology along with on-site power generation of 202 MW through gases discharged by coke oven and blast furnace. “Tata Steel project will be a milestone in the industrial history of Odisha. Kalinganagar has become the industrial capital of the entire eastern India,” Mr. Patnaik said.
Built at an investment of over Rs.25,000 crore in the first phase, the Kalinganagar plant boasts of India’s largest blast furnace at 4,330 cubic meter with production capacity of 3.2 MTPA, the company said. The plant will witness the seamless movement of raw material with its twin wagon tippler, the first installation in India having unloading capacity of 20 MTPA. The steel plant claims to have the most advanced carbon hearth technology along with on-site power generation of 202 MW through gases discharged by coke oven and blast furnace. “Tata Steel project will be a milestone in the industrial history of Odisha. Kalinganagar has become the industrial capital of the entire eastern India,” Mr. Patnaik said.
“Tata Steel is planning to expand the capacity of Kalinganagar plant to 16 million tonnes per annum by the year 2025 with cumulative investment of about Rs.1,00,000 crore,
The company will also invest Rs.2,300 crore for scaling up of the capacity of its captive Khandabandh iron ore mine,” Chief Minister said.
Addressing a function marking commissioning of the project, Mr. Mistry said, “Odisha, which has emerged as top investment destination in the county, is poised to grow by 20 per cent by 2020.”
“Tata Steel has commissioned its Kalinganagar Steel Plant. The group will soon have 55,000 tonne per annum capacity Ferrochrome plant at Gopalpur. At the same place, Tata’s multi-product special economic zone is expected attract Rs.10,000 crore investment from the country and outside” said Tata Sons Chairman. Among others State Industries Minister Debi Prasad Mishra and Steel and Mines Minister Prafulla Mallick spoke on the occasion. Koushik Chatterjee, Group Executive Director (Finance and Corporate) was present at the commissioning function.
No comments:
Post a Comment