Cyrus Mistry meets CM, discusses investments in Odisha

Bhubaneswar: Tata Sons Chairman-designate Cyrus P Mistry met Chief Minister Naveen Patnaik on Tuesday, and discussed its 6 MTPA greenfield steel mill at Kalinga Nagar while awaiting Coastal Regulation Zone clearance for starting construction of an industrial park project at Gopalpur.

"We discussed Kalinga Nagar project and investments in the state," Mistry told reporters after an hour-long meeting with Patnaik here.

Refusing to divulge more about the discussion, the Deputy Chairman of Tata Sons, who came on his maiden visit to the state, said "it is just a courtesy call on the minister."

However, Tata Steel`s Managing Director H M Nerurkar, who accompanied Mistry to meet Patnaik, said "Mistry was happy with the progress of the project at Kalinga Nagar."

Stating that the company was hopeful to "up and run" the Kalinga Nagar steel plant by March 2014, Nerurkar said it was a long-standing dream to set up a steel plant in the state. "We are setting up the steel plant with the support of the local community and administration. I think our dream is going to come true soon," he said.

The proposed steel plant, to be set up at an investment of Rs 20,000-25,000 crore, would produce flat steel to meet the needs of the auto industry.

To a question on the company`s proposed industrial park at Gopalpur in Ganjam district, Nerurkar said "we have SEZ and first of all we have anchor-tenant investment which has been sanctioned by our boar," he said. He said the company has already got environmental clearance, Nerurkar said "we are awaiting CRZ clearance from the state."

"Once that (CRZ clearance) happens, our construction work will start", he said adding the boundary wall and other activities have already been completed. "That is what we want to do fast," Nerurkar said.

On Tata`s Karnataka project, Nerurkar said the company had just signed an expression of interest for setting up a 6 MTPA steel plant.