Tata Steel has announced that the state of Odisha will become its single-largest investment destination following the phase-II expansion of its Kalinganagar plant. This expansion will increase the plant's capacity from 3 million tonnes per annum (mtpa) to 8 mtpa, with an investment of â‚ą27,000 crore. The company aims to achieve a total capacity of 40 mtpa in India by 2030, and the Kalinganagar expansion is critical to this goal.
The investment in Odisha, which also includes the Tata Steel Meramandali plant, brings the company's total commitment in the state to over â‚ą100,000 crore. Tata Steel believes there is potential to further increase Kalinganagar's capacity to 16 mtpa in the future, reinforcing Odisha's strategic importance in Tata Steel's growth plans.
