Tata’s Rs 15K-cr Jamshedpur expansion plan gets MoEF nod

NEW DELHI: Tata Steel on Monday said its Rs 15,000-crore expansion plan of the Jamshedpur facility has received clearance from the Environment Ministry.

“The Ministry of Environment and Forests (MoEF) hereby accords environmental clearance to the project,” the Ministry said in a communication to the steel major that has been made public today.

Tata Steel has an annual capacity to produce 6.8 million tonne at its Jamshedpur plant in the mineral-rich Jharkhand. It had earlier said it has planned to rise capacity to about 10 million tonne by March 2011 at an investment of Rs 15,000 crore. As part of the expansion programme, the company will ramp up its production capacity of flat steel items–mainly consumed by automobile and consumer durables industries–to 5.83 million tonne from the current 3.04 million tonne.

The expansion is part of the steel major’s plans to take its annual capacity to 16 million tonne by 2014 at an investment of around Rs 40,000 crore. The projects will be funded by a mix of debt and internal accruals.

Besides Jamshedpur, the company is also working on the Orissa project where it plans to set up a 3mtpa unit.

In Chhattisgarh, the firm is looking to install a 3 million tonne production line of long products, used mainly by construction firms, in the first phase as it is bullish on the country’s growing infrastructure sector.

Source : PTI. 22/06/10

 

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