HM Nerurkar, MD of Tata Steel, say the work on 6-million tonne per annum integrated steel plant at Kalinganagar (Orissa) is underway and the company hopes to complete it by 2013. Tata Steel hopes to double its revenue growth in the next five years. Koushik Chatterjee, CFO of Tata Steel, says the company would use Riversdale cash to fund India capacity expansion.
