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Tata Steel eyes foreign investments in heavy industries for SEZ project in Odisha

Thu, 29th Dec 2016 (Source:Mint)

Tata Steel is in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone (SEZ) project at Gopalpur in Odisha. The company’s Jamshedpur and Kalinganagar facilities together clocked 1 MT of monthly sales in September 2016.

The company has recently signed a definitive agreement to acquire 100 percent equity in Brahmani River Pellets (BRPL), which would give a vertical start up to enabling facilities. Despite challenging times, the company continues to remain a competitive and growth-oriented Integrated Steel Company in the country.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company

 

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