Published On:March 10 2014
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Tata Steel's Odisha units may go on stream in 2 years.
Tata Steel is hopeful of operating its Kalinganagar and Gopalpur units at Odisha in 2015-16. While the first phase of the 6-million tonnes per annum steel unit at Kalinganagar will be operational by the end of FY-15, construction of the ferro-alloy unit at Gopalpur will be completed in another 18 months.
Kalinganagar is Tata Steel's first greenfield project in India.
According to TV Narendran, Managing Director, Tata Steel, around 40,000 people are working onsite (for the Kalinganagar project).
'Kalinganagar is going on full stream. By the end of the next financial year (end of FY15) is what we have said (it will be operational). We are sticking to that expectation,' he told reporters on the sidelines of a Confederation of Indian Industry (CII) meet. According to Narendran, the company is currently sorting out some 'local issues' at its Rs. 1,000-crore Gopalpur project. Construction of the 50,000 tonnes per annum ferro-alloy unit has already begun and equipments have been put 'on ground'. The Tatas have also laid the foundation stone for an hospital there. 'There were some local issues that we are sorting out now. Construction has started and that will take another 18 months. That will take another 18 months,' he added.
HBL