Tata Industrial Park-Gopalpur: Progress updates

H M Nerurkar, managing director, Tata Steel and B Muthuraman, vice chairman of Tata Steel recently called on chief minister Naveen Patnaik to apprise him on the status of  industrial park at Gopalpur where the steel maker is the anchor tenant. Nerurkar hinted that Tata Steel was keen on taking up two new projects at Gopalpur in addition to the two existing projects. However, he refused to spell out the details, saying the projects were yet to be approved by the company's board. The steel maker had lined up two projects at the Gopalpur industrial park- a 50,000 tonne per annum ferroalloys plant and 4,00,000 tonne per annum bar mill. Tata Steel would invest Rs 1,000 crore on these two projects which would initially create employment for 1000 people. While the ferroalloys plant will cost about Rs 200 to 250 crore, the bar mill will be set up at an investment of Rs 750 to Rs 800 crore. This will be the third ferroalloys plant of Tata Steel in Odisha. The company is operating two ferroalloys plants at Bamanipal and Athgarh (through its subsidiary Rawmet) with capacities of 50,000 tonne per annum each. Tata Steel had got the environment clearance for the Gopalpur industrial park. It was awaiting CRZ (coastal regulatory zone) nod for the project. The company has placed all major orders for its projects at Gopalpur industrial park being developed on around 3500 acres of land.

Source: Business Standard