TATA Steel to raise Rs.13,000 Crore for Kalinganagar project

Tata Steel is going to raise up to Rs 13,000 crore within next six months for the first phase of its upcoming 6 million tonnes new steel mill in Odisha's Kalinganagar,

The Kalinganagar project is the first integrated greenfield project for the company outside Jamshedpur in its over a century-old history.

The project has been divided into two equal phases of 3 million tonnes per annum (MTPA) and is estimated to require an investment of about Rs 35,000 crore.

The first phase of the project is expected to go on stream by June-July,