Bhubaneswar: The first unit of a 55,000 tonne per annum ferrochrome plant being set up by Tata Steel Ltd at Gopalpur in Odisha’s Ganjam district is all set to start operations by March 2015.

The steel major has already got in-principle approvals from the designated authorities to set up an industrial park at the same location, company officials said.

Spread over 2,970 acres of land, the industrial park includes a multi-product special economic zone (SEZ) over 2,570 acres and an anchor project by Tata Steel over 400 acres.

Anchor investments of 800 crore proposed to be made by Tata Steel at the Gopalpur Industrial Park include the ferrochrome plant, which is under construction after all statutory clearances, said Arun Misra, vice-president of the Gopalpur project.

The plant is expected to be commissioned by March 2015 with an employment opportunity for about 400 persons both directly and indirectly, he said.

“With Gopalpur project being a top priority for the company, we are currently setting up a 55,000 tpa (tonnes per annum) ferrochrome plant. We have recently filed documents seeking environment clearance for establishing another ferrochrome plant at the site," Misra said. PTI