Odisha To Become Largest Investment Hub For Tata Steel

Tata Steel is set to significantly expand its Kalinganagar plant in Odisha, increasing its capacity from 3 million tonnes per annum (MTPA) to 8 MTPA shortly at an investment of Rs 27,000 crore. This phase-two expansion will position Odisha as the largest investment destination for Tata Steel, the country's oldest steel maker.

Tata Steel completed the first phase in 2015 with an investment of Rs 25,000 crore and further ramped up its capacity in Odisha through the acquisition of Neelachal Ispat Nigam Ltd (NINL) in 2022 with an additional investment of ?12,100 crore. Along with the Tata Steel Meramandali (formerly Bhushan Steel Ltd) plant in the Dhenkanal district, Tata Steel's total investment in Odisha now stands over Rs 100,000 crore.

Tata Steel’s presence in Odisha has also significantly improved the state’s industrial landscape through the development of projects like the Gopalpur Industrial Park (GIP), which was developed by Tata Steel Special Economic Zone Limited (TSSEZL).

The Gopalpur Industrial Park is strategically located in the Ganjam district in southern Odisha. Built with an investment of Rs 730 crore, GIP now houses not only Tata Steel’s facilities, but also other companies including Tata Consumer Products, Anadrone Systems Private Limited, East Coast Overseas, and Odimet Resources.

"The complex is also expecting new facilities to manufacture green hydrogen/ammonia facilities, a global-scale Technical Ammonium Nitrate Complex, and an L-CNG Conversion Unit to cater to domestic and industrial gas needs,” the company said.