Tata Steel which has invested more than Rs 75,000 crore in Odisha will continue to invest in the state which has 25 per cent of India’s total steelmaking capacity, said TV MD & CEO Narendran. Narendran made a statement at ‘Make in Odisha Conclave 2022’ in Bhubaneswar on Thursday.

“Tata group companies, and in particular Tata Steel, have invested more than Rs 75,000 crore in Odisha in the past five years. We will continue to invest to support growth in Odisha,” the official said.

Over the past few years in Odisha, Tata Steel not only built its factory in Kalinganagar, but also acquired several assets including the Neelachal Ispat factory, he said.

According to Narendran, Tata Steel is the largest steel producer in Odisha which produces around 9 million tonnes of steel annually. “We plan to double this over the next few years as we expand across all our locations in Odisha. Odisha accounts for 1/4 of the country’s steel capacity at present,” he said.

Steel Minister Jyotiraditya Scindia said India’s total steel manufacturing capacity has touched around 150 MT.

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