Tata Steel to develop Subarnarekha river port in 4-5 yrs for Rs 3,000 cr

CM Naveen Patnaik will lay the foundation stone for the Subarnarekha port on February 13

Tata Steel will develop the port on the Subarnarekha river's mouth in four to five years, a top company executive said in Bhubaneswar. 

"We hope that in the next few months, all issues will be ironed out and then we can start work on the (Subarnarekha) port project. Tata Steel will complete the port development in the next four to five years. We have 51 per cent ownership in the company that has a concession agreement for developing the port. Our investments on the port could run into Rs 2,000-3,000 crore," said T V Narendran, global chief executive officer and