December 03, 2008

Update on TATA Steel 3 Greenfield steel plants

Giving a status report on the Greenfield projects, Mr B Muthuraman MD of TATA Steel said that it will spend INR 80,000 crore on 3 of its Greenfield projects which will take its total capacity in India to 35 million tonnes.

Jharkhand
He said that "By mid 2010, we will be 10 million tonnes in Jamshedpur, making it the largest capacity in a single location in India."

Orissa
Mr Muthuraman said that “In Orissa after 3 years of struggle to acquire land and after a satisfactory rehabilitation & resettlement policy, TATA Steel is about to start construction of the 6 million tonnes plant as soon as the required iron ore was allotted. R&R policy is awaited and iron ore lease is also being awaited.”

Chattisgarh
He said that “In Chhattisgarh, capacity similar to Orissa is proposed, land acquisition is about to begin.”

Mr Muthuraman said that "Our Greenfield projects can be considerably speeded up if we are able to acquire land quickly and given captive leases of iron ore and coal."