Tata Steel - Orissa Plant

Tata Steel expects to start production from a new Orissa plant by end-March 2013. The plant at Kalinganagar in Orissa will have initial capacity of 3 million tonne, which would eventually be doubled. Tata Steel signed the initial memorandum for the plant with the local government in November 2004 and preliminary work on land acquisition and resettlement of locals is still under way The company was likely to invest Rs 17,000 crore ($3.77 billion) in the plant's first phase.