Steel major Tata Steel today said it is in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone project at Gopalpur in Odisha.
We are in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone project at Gopalpur in Odisha,” Tata Steel India and South East Asia Managing Director TV Narendran said in a statement here.
“We have signed a definitive agreement to acquire 100 percent equity in Brahmani River Pellets Ltd (BRPL), which would give a vertical start up to enabling facilities,” he added.
“For Tata Steel, the year 2016 would be remembered for the successful commissioning of Kalinganagar Steel Plant and marking a milestone for us and Odisha. After successful trials, the plant has made record production of 1 million tonnes (MT) of Hot Metalwithin six months of commissioning,” Narendran added.
“For the first time, Tata Steel India’s Jamshedpur and Kalinganagar facilities together clocked 1 MT of monthly sales in September 2016. Despite challenging times, we continue to remain a competitive and growth-oriented Integrated Steel Company in the country”, Narendran said.
PTI