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Tata Steel To Set Up 6 MTPA Plant In Karnataka

Tata Steel will be investing over Rs 35,000 crore to establish six million tonnes per annum plant. The location of this plant will be in Haveri district of Karnataka. In life with this plan, the said company had recently signed an Expression of Interest (EoI). On the other hand, Tata Metaliks Limited is also proposing to set up a three MTPA integrated steel plant in Haveri district.

Tata Steel Logo

Tata Steel

The investment of this project will be over Rs 15,000 crore. Since Tata Steel had seen the potential of this projected, they are now planning to increase the MTPA project from three to six. With this there will also be an addition in the investment which would amount to Rs 20,000.

The state government represented by Maheshwar Rao signed on the EoI and also the Managing Director of the Tata Steel Hemant Nerurkar. This expansion project of the Tata Steel is definitely a good move in order to bring good effects to the company and also to a lot of people.

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