New Delhi: Tata Steel on Wednesday said that the project to augment production capacity at its Jamshedpur steel plant to 10.5 million tonnes is “fully on” and would get completed as scheduled by 2010.
“The Jamehedpur expansion project is fully on and is on time,” Tata Steel managing director B Muthuraman told reporters on the sidelines of the Assocham Steel Summit in Delhi.
Steel giant Tata Steel is working to enhance production capacity at Jamshedpur at an estimated investment of Rs12,000 crore. At present, the company’s plant has a capacity to produce 6.8 million tonnes of steel annually.
In addition to the existing plant, the company has also proposed setting up mega steel plants in Jharkhand, Orissa and Chhattisgarh. The company says it wants the site condition to improve and iron ore blocks allocated quickly.
“We want to do the Orissa project quickly ... as the site condition improves and we get iron ore blocks. The same for Chhattisgarh,” he said.
While in Jharkhand it proposes to invest about Rs42,000 crore for a 12 million-tonne-per-annum (MTPA) steel plant, in Orissa it intends to pump in nearly Rs22,000 crore for a six MTPA unit. The steel major also plans to invest Rs18,000 crore in setting up a five-million-tonne-per-annum steel plant in Chhattisgarh.
For all the proposed projects, the company is in the process of acquiring land and mineral linkages.