Tata Steel's Kalinganagar plant gets a big makeover
Published By : Prameya News Bureau | September 23, 2024 12:57 PM
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Tata Steel gave a boost to its steel-making capabilities in Odisha. The company's Kalinganagar plant got a brand-new blast furnace, the biggest one in all of India. This means the plant can now produce a whopping 8 million tonnes of steel every year, up from its previous 3 million tonnes.
This massive expansion didn't come cheap – Tata Steel invested Rs 27,000 crore into it. This will now allow Tata steel to manufacture make high-quality steel that industries like car manufacturing, construction, and even defense rely on.Tata Steel is set to manufacture better and more steel to meet the growing demands of various sectors.
This isn't just about steel, though. It's also about jobs and development. The Kalinganagar plant is a major player in the local economy, providing jobs and boosting the region's overall growth. In fact, Tata Steel has invested a staggering Rs 100,000 crore in Odisha over the last decade, making it their biggest investment hub in India.
Tata Steel's CEO, T V Narendran, sees this expansion as a major milestone for the Indian steel industry and a testament to Tata Steel's commitment to innovation and sustainability. It's a win-win: more steel for India, more jobs for Odisha, and a greener approach to steel-making.