Tata Steel to expand Kalinganagar plant; to invest ₹27,000 Crore

23 May 2025 , 10:50 AM

Tata Steel Limited announced that it has started the second phase of its plant in Kalinganagar, Odisha. The business said that it is planning to expand annual crude steel capacity from the existing 3MT (million tonnes) to 8 MT. The plan includes investment of ₹27,000 Crore. As per the company, with this investment, Odisha has become the largest investment destination for the company.

This facility in Jaipur district will emphasize on advanced high-strength steel. With this, it plans to serve sectors like power, infrastructure, shipbuilding, automotive, and defence.

Odisha Chief Minister Mohan Charan Majhi unveiled the project. Tata Steel’s CEO and Managing Director TV Narendran, members of the local community and senior state leaders also marked their presence at the undersigned event. 

On May 12, 2025, Tata Steel announced its earnings for the quarter ended March 2025.

The business reported a consolidated net profit of ₹1,201 Crore in the current quarter under review. In the previous corresponding quarter, the business logged a consolidated net profit of ₹555 Crore.

The steel maker also conveyed its plan to invest up to $2.5 Billion in its Singapore-based subsidiary, T Steel Holdings Pte Ltd. The business said this investment is part of the company’s continued international strategic initiatives.

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