The first phase is expected to be commissioned by February 2014. The first phase will see a total investment of up to Rs 25,000 crore, of which the steel maker has already invested over Rs 10,000 crore.
Asked on the company’s proposed industrial park at Gopalpur, Nerurkar said: “We have got the CRZ (Coastal Regulatory Zone) clearance for the industrial park and hope to get the environmental clearance by the end of October this year. The number of investors for the industrial park is growing considering that Tata Steel is the anchor investor for the project. The total potential for investments in the industrial park ranges from Rs 10,000 to 15,000 crore.”
He, however, declined to name the investors.
Tata Steel has lined up two projects — a 50,000-tonne ferro alloys plant and a 400,000-tonne bar mill in the Gopalpur industrial park. It would invest Rs 1,000 crore on these two projects which would initially create an employment for about 1,000.
The steelmaker had acquired 3,700 acres (including 500 acres for the rehabilitation colony) at Gopalpur in south Orissa in the mid-1990s for setting up a 10-million-tonne steel plant. It later shelved the project and the land was lying vacant.
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