Tata Steel Keen To Invest In Odisha Steel Downstream Park

- May 24, 2018-

Business Standard reported that aiming to tap downstream industries in crude and stainless steel, Odisha plans to set aside 300-400 acres land at Kalinganagar, home to a cluster of steel units, for a dedicated downstream park. Ancillary and downstream industries in metals such as steel and aluminium, is listed as one of the six focus sectors by the state government in its Industrial Policy Resolution, 2015. Despite accounting for around 20% of the country’s crude steel output and leading others in stainless steel production, there is scarcely any downstream steel activity in the state. Although Odisha produces nearly 22 million tonnes of steel each year, hardly 10 per cent is consumed within the state due to lack of demand.

Commenting on the downstream steel park, Mr Sanjeev Chopra, principal secretary (industries), Odisha said that “The state government is going to engage a consultant shortly for deciding the modalities of the park. Our aim is convert at least 50 per cent of the hot metal into finished, value added steel products by 2030."

He refused to spell out the details on the downstream park, citing the proposal was still at a preliminary stage.

Sources close to the development said, a few Tata Group companies such as Tinplate Company of India Ltd and Jamipol and others like BMW Industries have shown interest to put up facilities at the downstream park. The state government is also learnt to initiate discussions with a few more steel downstream players.

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