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TATA Steel Ltd Sets Up New Subsdiary For Odisha Project-The Economic Times

Thursday, 23 May 2013 10:33am EDT 

The Economic Times reported that TATA Steel Ltd, has set up a new subsidiary, Tata Steel Odisha, to spearhead new greenfield six million tonne steel plant in Odisha's Kalinganagar. The project will be implemented in two phases of three million tonne each. Tata Steel said it has successfully negotiated financial closure of six million tonne per annum Kainganagar project. Some INR22,800 crore worth of project financing was tied up with a consortium of 21 banks and financial institutions. 

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