20
Dec
17:01
Tata Steel board approves Kalinganagar expansion, fund raising
Tata Steel’s board has approved the expansion of production capacity at the Kalinganagar steelworks by 5 million tonnes/year to 8m t/y. Tata Steel’s India-based production capacity will rise to 18m t/y following the expansion.
The project will cost INR 23,500 crore ($3.67 billion) to implement and will be completed within 48 months. It includes investments into raw materials capacity expansion, upstream and midstream facilities, and downstream facili…
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