Comments
Tata Group's total investment in Odisha will Rs 1,00,000 crore with the second phase of its Kalinganagar unit coming on stream, said N Chandrasekaran, Tata Group’s Chairman on Monday.
Current investments in Odisha, by the group, stands at nearly ₹ 75,000 crore. Another ₹ 25,000 crore will be added post the operationalisation of Kalinganagar phase-II.
For Tata Group, the association with Odisha has been “more than 100 years”. Tata Steel was given its first iron ore lease by Maharaja of Mayurbhanj in the early part of 20th century. Since then, the group has significantly expanded in the state.
"We have already made investments worth ₹ 75,000 crore and with the announcement of expansion of (Tata Steel's) Kalinganagar plant, another ₹ 25,000 crore would be invested. Total investments will soon cross ₹ 1,00,000 crore in the state," he said at the Make in Odisha Conclave 2018 here.
According to Chandrasekaran, the Group is present in the state through various entities that include Tata Motors’ through its 30 service stations and dealer network and Tata Power that has four generation units here.
Other group companies in retail and services sector also have engagements in the state.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.