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Tata Steel Begins Construction of Gopalpur Industrial Park
Aug. 24, 2010 Tata Steel has broken ground for the Gopalpur Industrial Park (GIP) in southern Odisha. The park, which is being developed by Tata Steel to facilitate industrial development of the region, is expected to primarily attract investments in steel and allied downstream industries, engineering, chemicals, and other emerging sectors.
The foundation stone for the project was laid by the Hon’ble Chief Minister of Odisha, Sri Naveen Patnaik. Tata Steel was represented by its Managing Director, H M Nerurkar, and its Vice President Corporate Services, Sanjiv Paul, among others.
Tata Steel has proposed anchor investments of Rs 1000 crore at the GIP for a 50,000-tonnes-per-annum Ferro Chrome Plant and a 400,000-tonnes-per-annum Rebar Steel Mill. The projects are being designed with rain water harvesting, 100% recycling, and desalination of sea water.
The pre-feasibility study was undertaken by Ernst & Young. Jurong Consultants of Singapore developed the concept Master Plan for Gopalpur Industrial Park.
Tata Steel Group is investing Rs 35,000 crore in the Steel, Ferro Alloys, Port, Power, and other sectors of industry in Odisha. Together, these projects are expected to generate employment for more than 30,000 people in the State.
Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel Group is among the top 10 global steel companies with an annual crude steel capacity of more than 28 million tonnes per annum. The company has operations in 26 countries and a commercial presence in more than 50 countries. The Tata Steel Group, with a turnover of US$ 29 billion in FY’09, has more than 80,000 employees across five continents and is a Fortune 500 company.