Tata Steel Ferro Chrome Plant to Start by March 2015

Tata Steel is setting up a 55,000 tonne per annum (TPA) ferro chrome plant at Gopalpur in Ganjam district of Odisha and its first unit is expected to start operations by March 2015.

"With Gopalpur project being a top priority for the company, we are currently setting up a 55,000 TPA Ferro Chrome plant. We have recently filed documents seeking environment clearance for another ferro chrome plant at the site," Tata Steel Gopalpur Project vice president Arun Misra said.

Anchor investments of Rs 800 crore proposed to be made by Tata Steel at the Gopalpur Industrial Park include the ferro chrome plant, which is under construction.

The plant is expected to be commissioned by March 2015 with an employment opportunity for about 400 persons, both directly and indirectly, a company statement said.

The steel major has already got in-principle approvals from the designated authorities to set up an industrial park at the same location. Spanning over 2,970 acres of land, the industrial park includes a multi-product SEZ over 2,570 acres and an anchor project by Tata Steel over 400 acres.

Tata Steel group is among the leading steel manufacturers in the world with an annual crude steel capacity of over 26.5 million tonnes per annum (mtpa).