TISCO hopeful about env nod for Gopalpur industrial park

"We have already obtained CRZ (coastal regulation zone) nod for the Gopalpur project and hopeful of getting environmental clearance by October," Tata Steel Managing Director H M Nerurkar told reporters here after meeting Chief Minister Naveen Patnaik.

The company had already invested Rs 10,000 crore at its Kalinga Nagar project, he said.

Tata Steel, in possession of the land for nearly 20 years, was planning to set up the industrial park at Gopalpur.

While the domestic steel major would be the anchor tenant at the proposed industrial park by setting up its own Ferrochrome Plant and a Steel Rebar Mill, it was hopeful of getting good tenants.

"With Tata Steel as anchor tenant, there is no problem in getting other investors at the proposed industrial park. I will not reveal their names now. But a good number of investors have expressed their interest to set up their units at Gopalpur," Nerurkar said.

On Kalinga Nagar project, Nerurkar said the company estimated an investment of Rs 20,000 crore- 25,000 crore. "The steel plant will be commissioned in January-February 2014," he said.

Replying a question, the Tata Steel MD said that the company would produce a 6 mtpa steel in two phases.

"In both the phases, we will manufacture flat products under hot roll and cold roll methods," he said.