Tata Steel has recently informed exchanges that the company successfully commissioned India’s largest blast furnace at Kalinganagar, Odisha. With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar would increase the site’s capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. T. V. Narendran, CEO and Managing Director of Tata Steel inaugurated the new facility in the presence of the company’s senior leaders.
The new blast furnace will greatly increase the plant’s overall production capacity, allowing Tata Steel to fulfil the expanding demands of a variety of industries such as automotive, infrastructure, power, shipbuilding and defence. It will also provide benefits in certain industries such as oil and gas, lifting and excavation and construction.
In the exchange filing, the company also shared, “With the Phase II expansion, Odisha has emerged as the largest investment destination in India for Tata Steel, with a total cumulated investment of over Rs 100,000 crore in the last 10 years.”
