Tata Steel Saturday said the first unit of its 55,000 tonne per annum (TPA) ferro chrome plant in Odisha's Ganjam district will start operations by March 2015.
The steel major has already got in-principle approvals from the designated authorities to set up an industrial park in the port town of Gopalpur, about 170 km from state capital Bhubaneswar.
Spread over 2970 acres, the industrial park includes a multi-product special economic zone (SEZ) over 2,570 acres and an anchor project by Tata Steel over 400 acres.
"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 after all statutory clearances", the company said in a statement.
The plant is expected to be commissioned by March 2015 with an employment opportunity for about 400 persons both directly and indirectly, it said.
Indo-Asian News Service
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