Tata Group’s investment in Odisha to cross Rs.1 lakh crores
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 Rs.75,000 crores. Another Rs.25,000 crores 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 Rs.75,000 crores and with the announcement of the expansion of (Tata Steel's) Kalinganagar plant, another Rs.25,000 crores would be invested. Total investments will soon cross Rs.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 the retail and services sector also have engagements in the state.
Current investments in Odisha, by the group, stands at nearly Rs.75,000 crores. Another Rs.25,000 crores 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 Rs.75,000 crores and with the announcement of the expansion of (Tata Steel's) Kalinganagar plant, another Rs.25,000 crores would be invested. Total investments will soon cross Rs.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 the retail and services sector also have engagements in the state.
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