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Tata Steel drops plan for ferrochrome complex at Gopalpur plant-The 18th China(Guangzhou)Int’l Metal &Metallurgy&nb
sp;Exhibition
8/23/2016 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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Business Standard reported that Tata Steel has dropped plans to set up a ferrochrome complex at Gopalpur in Odisha. Tata Steel’s decision to scrap the project was influenced by concerns over raw material supplies beyond 2020, when the company’s lease of the Sukinda chromite mine in Jajpur district ends.
According to the changed Mines and Mineral Development and Regulation Act, this mine will be put up for auction after 2020. Uncertainty over the mining rights made setting up a large ferrochrome capacity a risky proposition for Tata Steel, a source said. The company has gone ahead with the smaller plant because it is being promoted as an anchor investment for Tata Steel’s Gopalpur industrial park.
But will build a plant with a capacity of 55,000 tonnes at the same place. This unit is scheduled for commissioning by the first week of September. Work on the 55,000 tonne plant at Gopalpur, built at a cost of INR 542 crore, is nearing completion and the unit is slated for commissioning shortly.
Mr Arun Mishra, vice-president, Tata Steel said “The construction of the plant is complete. Work on power connectivity is on. We may commission the plant by the first week of next month.”
Besides the units at Gopalpur, Tata Steel has two ferrochrome plants in Odisha, one at Bamnipal of 65,000 tonnes and the other at Athgarh of 55,000 tonnes
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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