Tata Steel gets green nod for Rs 1,877 crore expansion project

This augmentation project would be taken up within the existing plant of 717 hectares and no additional land is required

The Tata Steel logo is seen at the Tata Steel rails factory in Hayange, Eastern France
The Tata Steel logo is seen at the Tata Steel rails factory in Hayange, Eastern France
Press Trust of India New Delhi
Last Updated : Mar 02 2016 | 4:09 PM IST
Tata Steel Ltd has received final environment clearance for its Rs 1,877 crore expansion project to be carried out at Jamshedpur Steel Works in Jharkhand.

"The Environment Ministry has considered the application based on the recommendations of the Expert Appraisal Committee (Industry-I) and decided to grant environment clearance (EC) to the proposal for expansion of crude steel production at Tata Steel Works," a senior government official said.

The EC, which was issued on Tuesday, has been given to the company subject to strict compliance to specific and general conditions, the official added.

Also Read

Among conditions specified, the official said the company has been asked to take prior permission from the state forest department on likely impact of the expansion of the proposed steel plant on the reserve forests.

It has been asked to develop green belt in more than 33% of the area within and around the plant premises according to the Central Pollution Control Board guidelines.

It has also been asked to earmark at least 5% of the total cost of the project towards corporate social responsibility.

According to the proposal, Tata Steel will expand crude steel production from 9.7 million tonnes per annum (MTPA) to 11 MTPA at Jamshedpur Steel Works.

This additional production would be realised by augmenting the production capacities of few plant units, namely, sinter plant, pellet plant, steel melting shop and the mills, revamping of two existing blast furnaces and installation of a new lime plant.

The total estimated cost of the project is Rs 1,877 crore and this augmentation project would be taken up within the existing plant of 717 hectares and no additional land is required. Hence, there would be no rehabilitation and resettlement issues related to this project.

The company has said the existing raw materials supply sources would continue to act as raw materials linkages for meeting the estimated requirements for 11 MTPA expansion stage. The project would be completed in 2-3 years.

Tata Steel has manufacturing operations in 26 countries and employs around 80,500 people. Its largest plant is located in Jamshedpur.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2016 | 2:13 PM IST

Next Story