 "Tata Steel")
Tata Steel is holding back planned investments in a downstream steel cluster proposed in the vicinity of its greenfield steel plant at Kalinganagar (Odisha). The state government had identified 400 acres for the downstream park to tap into investments by such units in crude and stainless steel.
The steel maker's decision to defer commitments on the downstream complex around Kalinganagar stems from the recent acquisitions of Bhushan Steel Ltd (BSL) and speciality steel producer Usha Martin Ltd.
“We believe equations could change considerably after the two acquisitions, especially BSL which has proven presence in downstream business. BSL is a known supplier to
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