Tata Steel will start using coastal and inland waterways in India to transport raw material to its factories and finished goods along the coastline, as it looks at saving on freight and energy costs.
Tag: Kalinganagar
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Odisha inland waterway to be ready in three years
The proposed inland waterway linking Kalinganagar industrial area, and eventually Talcher, to Paradip and Dhamra ports is to be ready in three years. The state government signing an MoU with the Inland Waterway Authority of India (IWAI) and the two ports in the state capital.
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Steel: Bullish long term!
Hindsight: It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slowdown in steel-consuming sectors like automotive and construction. However, as we have opened up new market segments like SME and further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12% over last year which is much better than the market.
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PPt to hold trade meet to improve its cargo volume
With an objective to increase its yearly cargo volume, Paradip Port Trust (PPT) is planning to host a business meet at Kalinganagar in October. PPT is to appeal to industrialists to utilise the port facility for import and export of their products and raw materials.
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Banks offer Rs 228 bn funding commitment to steel project
A consortium of 21 banks has offered funding commitment of Rs 22,800 crore for Tata Steel Odisha's proposed greenfield 6 million tonne steel plant in Kalinganagar. According to Dealogic, global deal tracking firm, this is the largest project financing loan on record. The company plans to implement the project in two phases of 3 million tonne each. So far in 2013, the India project financing loan volume stood at $14.7 billion, 13 per cent higher than $12.
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NINL commissions steel billet plant
Neelachal Ispat Nigam (NINL) commissioned its Rs 1,650 crore billet-making facility at Kalinganagar in Odisha. The company set up the facility to manufacture billet, which is a value added product compared to pig iron and which gives better sales realisations. NINL, whose main activity is manufacturing of pig iron, said
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Tata Steel expects phase I of Kalinganagar project in 2014
Anand Sen, Vice President, Tata Steel informed reporters that the Kalinganagar integrated greenfield steel plant would begin production in the second half of 2014. The 6 million tonne plant is being constructed in two phases of 3 mn t each, The first phase includes a 3 million tonne steel capacity unit and the common facili
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Tata Steel expects phase I of steel project by March 2014
Tata Steel expects to operationalise three million tonne steel plant in the first phase of its six million tonne greenfield steel project at Kalinga Nagar, by March 2014. This is despite the fact that the company has not been able to get raw material security for the project as allotments of mines are yet to come through. The project is co