| The company is planning to invest Rs 500 crore in a cold-rolling steel processing plant on the Gopalpur site. |
| Tata Steel had planned a 10 million tonne steel project in Gopalpur in the 1990's. It had even acquired 3,200 acres of land at Gopalpur, but the project was shelved owing to an unfavourable turn in the business cycle. The land remained with Tata Steel. |
| A Tata Steel spokesperson told Business Standard, "We've always looked at Gopalpur with a view to developing the land there. Now with the Kalinganagar project (Tata Steel's 6-million tonne steel project) on its way, there is a possibility of setting up a steel processing unit at Gopalpur. However, the modalities, such as capacity and plant configuration, have not been finalised by the company's board yet." |
| Tata Steel is setting up this project as part of forward integration with the Kalinganagar steel plant. The company has recently signed a memorandum of understanding with the Orissa state government, to setup a six million tonne per annum steel making project at Kalinganagar, in Jajpur district. |
| The company has proposed an investment of Rs 15,400 crore, which includes development of captive iron ore mines in the region. |
| The plant will be set up in two phases of 3 million tonne each, and will make billets and slabs. The first phase of the project is expected to be completed in the next four years. |
| Tata Steel has also entered into a joint venture agreement with Larsen & Toubro, to build a port at Dhamra in Orissa. The port will be utlised extensively for the company's exports. The company has also proposed to set up a 2 million tonne per annum steel plant in Bangladesh, along with a power plant and a fertiliser unit. |
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