India-headquartered steel giant Tata Steel has announced that, following the successful implementation of the first phase of its greenfield steel project at Kalinganagar in the eastern Indian state of Odisha, it has approved the next phase of expansion of capacity in Kalinganagar by five million mt per year from three million mt per year to eight million mt per year.
According to Tata Steel, the total capacity of its Indian operations following this expansion will be 18 million mt per year. The investment value for the project is INR 235 billion ($3.67 billion) and the project will be completed within 48 months. The project configuration and costs include investments in raw material capacity expansion, upstream and midstream facilities, infrastructure and downstream facilities including a cold rolling mill complex.