The Avenue Mail reported that Tata Steel will continue to invest in Jamshedpur but will not expand the Jamshedpur plant but will continue with its investment in subsidiary companies including Tinplate, ISWP, Tata Steel Long Products, etc in Jamshedpur and invest in plants at other locations in India. Tata Steel’s MD and CEO Mr TV Narendran, on the sidelines of New Year cake cutting celebration at Centre for Excellence in Jamshedpur, said “The year 2022 has been a roller coaster ride. The year began on a positive note, however, the threat posed by Omicron proved to be challenging for the company. Thankfully it had little impact on the country. The company will continue to expand despite challenges of fresh occurrence of COVID in China. The employees of Tata Steel are working hard to ensure that the company is profitable and sustainable and we would also urge the citizens of Jamshedpur to play their part to help the city.” Mr Narendran added “Jamshedpur is important for Tata Steel and with the plant situated in the heart of the city and there is no room for expansion of company’s mother plant. The expansion plans of Tata Steel’s Bhushan Steel, Neelachal Steel, Long Product, Kalinganagar plant will come to fruition.”
The Avenue Mail reported that Tata Steel will continue to invest in Jamshedpur but will not expand the Jamshedpur plant but will continue with its investment in subsidiary companies including Tinplate, ISWP, Tata Steel Long Products, etc in Jamshedpur and invest in plants at other locations in India. Tata Steel’s MD and CEO Mr TV Narendran, on the sidelines of New Year cake cutting celebration at Centre for Excellence in Jamshedpur, said “The year 2022 has been a roller coaster ride. The year began on a positive note, however, the threat posed by Omicron proved to be challenging for the company. Thankfully it had little impact on the country. The company will continue to expand despite challenges of fresh occurrence of COVID in China. The employees of Tata Steel are working hard to ensure that the company is profitable and sustainable and we would also urge the citizens of Jamshedpur to play their part to help the city.” Mr Narendran added “Jamshedpur is important for Tata Steel and with the plant situated in the heart of the city and there is no room for expansion of company’s mother plant. The expansion plans of Tata Steel’s Bhushan Steel, Neelachal Steel, Long Product, Kalinganagar plant will come to fruition.”
