Tata Steel has made around $10 billion of investment in Odisha and expects to add another 10 million tonnes over the next decade

Bhubaneswar:28/1/25: Tata Steel has made around $10 billion of investment in Odisha and expects to add another 10 million tonnes over the next decade, said TV Narendran, CEO and Managing Director, Tata Steel.

Speaking on the sideline of the Utkarsh Odisha conclave, Shri Narendran said: “In the last decade, Tata Steel has made around $10 billion of investment in Odisha. We have not only built a new steel plant from scratch in Kalinganagar but also acquired and turned around assets like Neelachal Ispat and Bhushan Steel, contributing to our 11 million tonnes capacity in the State.

We expect to add another 10 million tonnes over the next decade. Odisha’s geological richness, large coastline, committed workforce, and ever-supportive government have made the state Tata Steel’s largest investment destination in India,” he said. Tata Steel’s participation in the mega event comes at a time when the Company is pushing ahead with its Phase II of expansion at its Kalinganagar operations. The Kalinganagar plant in Jajpur district, commissioned in 2015-16 with an initial capacity of 3 MTPA, is undergoing a Rs 27,000 crore expansion to increase capacity to 8 MTPA.

This expansion, expected to generate ~8,000 jobs, will enable Tata Steel to manufacture high-quality Advanced High Strength Steels (AHSS) for the Indian automotive market, significantly reducing the nation’s reliance on imports, company officials said. Tata Steel’s recent investments in Odisha also include the acquisition and restarting of Neelachal Ispat Nigam Limited (NINL) plant in 2022. Further, the Meramundali plant in Dhenkanal district, acquired in 2018, is also a significant asset in the Company’s manufacturing portfolio.

Formerly Bhushan Steel, this facility currently produces 5.6 MTPA. Tata Steel is currently working on the next phase of expansion at its Kalinganagar plant, Meramundali plant, and NINL unit.

Tata Steel today reaffirmed its long-term commitment to be a significant partner in Odisha’s growth story by showcasing its investments and outcomes at the Utkarsh Odisha 2025 Conclave, a two-day mega event in Bhubaneswar, Odisha.

Tata Steel has set up a dedicated pavilion at the ‘Utkarsh Odisha – Make in Odisha Conclave 2025’, showcasing its pioneering efforts in innovation, sustainability, and socio-economic development.

The pavilion highlights Tata Steel’s initiatives in advanced manufacturing, infrastructure development for green industries at the Gopalpur Industrial Park, features and expansion plans for Subarnarekha port, and the Company’s contributions to the ‘Make in India’ vision. Tata Consultancy Services (TCS) also showcased its story in the pavilion.