Tata Steel to enhance Kalinganagar plant by increasing capacity by 5 MT

Going ahead company may reduce aggression to acquire NCLT-listed companies, say brokerages

As part of Tata Steel's long-term strategy to expand in the domestic market, the comapny's board on Tuesday approved a plan for the next phase of expansion at Kalinganagar in Odisha. The country's largest steel producer plans to add five million tonne capacity in Odisha taking the company's total domestic steel capacity to 18 million tonnes over the next four years.

In a BSE filing today, the company said the new expansion plan at Kalinganagar was expected to cost Rs 23,500 crore as it would include investment in raw material expansion, upstream and midstream facilities along with downstream units such as