Tata Steel dedicates Kalinganagar plant to Odisha, says will ride out tough times

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Tata Steel's new Kalinganagar plant being dedicated to Odisha by Chief Minister Naveen Patnaik in the presence of Tata Sons' Chairrman Cyrus Mistry and other officials

Tata Steel’s Kalinganagar plant, the largest single-location greenfield project in the country, was dedicated to Odisha by Chief Minister Naveen Patnaik, ending a decade-old journey and further sealing an old relationship the giant business conglomerate has with the state.

The first phase (3 MnTPA) of 6 MnTPA will produce world-class flat, lighter, high-tensile strength steel and will augment Tata Steel’s Indian production to around 13 MnTPA of crude steel. It will help the company expand its portfolio to high-grade flat products for ship-building, defence equipment, energy and power, infrastructure building, aviation and lifting & excavation. This expansion will also reinforce Tata Steel`s leadership position in the domestic automotive segment.

The state-of-the-art steel plant was dedicated to the state by the chief minister in the presence of Cyrus P Mistry, Chairman, Tata Sons, T V Narendran, Managing Director, Tata Steel India & SEA, Koushik Chatterjee, Group Executive Director (Finance and Corporate), Tata Steel.

“The contribution of Tata Steel to the State’s industrial and economic progress has been laudable and the setting up of this plant is a milestone in this journey. The spin-off benefits from this plant will accrue to the local economy of Kalinganagar and Jajpur, Patnaik said.

Mistry said the new plant was yet another journey in the growth and development of Odisha, Tata Steel and the Tata group. “This plant is our key commitment towards nation building and an effort to ensure sustainable growth. I am confident that the plant will achieve global benchmarks in steel production, and at the same time will remain committed to growth and development of the State of Odisha,” he said.

Narendran called the dedication a moment of pride and thanked the state for its support in making the project a success. “The Kalinganagar project is symbolic of the commitment made by us to our stakeholders, business partners and to the society at large. I thank the entire Tata Steel fraternity, past and present, whose relentless dedication and hard work has made this dream come alive,” he said.

He further added that though the steel sector was going through a tumultuous period, Tata Steel aimed to hold its ground in these tough times. Kalinganagar will not only make a major contribution to develop India’s steel sector, but will also stand out as a quintessential sustainable business project, which involves social inclusion and environment preservation, besides ensuring best quality steel making,” he said.

Global steel production fell by more than three percent in October this year, extending its downward momentum due to an economic slowdown in China, the world’s biggest producer and consumer, the World Steel Association said.

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