TV
On 'Utkarsh Odisha–Make in Odisha Conclave 2025', Global CEO and Managing Director of Tata Steel, TV Narendran said that the firm has a 100-year-old relationship with Odisha and it has done massive investments in the state so far, especially in the last 10 years.
"Tata Steel's relationship with Odisha is 100 years old. We have been here since before the formation of the state. Earlier, we were in the mining sector, and in the last 10 years, there has been an investment of Rs 100,000 crore in the state,” said Narendran.
Speaking to ANI on the sidelines of the Utkarsh Odisha conclave in Bhubaneswar, Narendran said that in the coming days, Tata Steel will continue to invest and grow in Odisha.
“All the states are presently competing with each other for investment. Having such investments is good as you get to talk about your experience and also get more investors to the state,” he said.
Not Developed As Per The Potential: TV Narendran
The Tata Steel CEO and MD further said that the eastern region states are rich in minerals but somehow the development has been behind its potential.
“If you look, over the last two decades, many states in the eastern region have started to do better. We will expand the steel plants at Neelachal, Kalinga Nagar and Bhushan Nagar," he added.
History of Tata Steel's Presence in Odisha:
Tata Steel's relationship with Odisha spans over a century, beginning with the establishment of its first integrated steel plant in Jamshedpur, located near Odisha's border. More recently, Tata Steel has made substantial investments in the state, particularly in the last 10 years, including the development of the Kalinganagar steel plant. This plant commenced production in 2016 and represents a significant milestone in Tata Steel's commitment to Odisha.
Tata Steel's Major Investments in Odisha:
Tata Steel's most substantial investment in Odisha is the Kalinganagar steel plant, which has seen significant expansion plans. As of September 2024, Tata Steel announced a Rs 27,000 crore investment to increase Kalinganagar's crude steel capacity from 3 MTPA to 8 MTPA. This comes as part of over Rs 100,000 crore invested in Odisha in the past decade.
Tata Steel's Future Plans for Odisha:
Tata Steel has an ambitious plan to further expand its operations in Odisha, including increasing the capacity of the Kalinganagar plant. The company reportedly aims to enhance its production capabilities, incorporate advanced technologies. As per sources, it has plans to eventually expand the Kalinganagar plant to 13 MTPA.
