Tisco to double capacity of Orissa unit

The ferro alloys & minerals division (FA&MD), a profit centre of Tata Steel, is in the process of doubling capacity of its ferro chrome plant at Bamnipal in Orissa and adding a captive power plant.

While the investment in the FA&MD unit would be Rs 100 crore, the captive plant could cost Rs 200-250 crore.

P Roy, executive in-charge of FA&MD said the projects were expected to be completed over the next 18 months.