December 02, 2008

TATA Steel to start work on Kalinga Nagar project soon

PTI reported that TATA Steel, which has been facing opposition from local people to its proposed Greenfield project at Orissa's Kalinga Nagar, announced that it will start the construction at the site soon.

Mr B Muthuraman MD of TATA Steel on the sidelines of inauguration of the Institute of Mathematics and Application in Bhuwneshwar said that "We will start construction of the plant at Kalinga Nagar soon.”

He said the company has already procured equipment and machineries worth INR 6,000 crore from Germany, China and other countries for its proposed 6 MTPA steel plant at Kalinga Nagar.

TATA Steel has proposed to set up the plant with an investment of INR 15,000 crore has and signed MOU with the state government way back in 2004 for setting up its plant, it could not proceed due to opposition from the people.