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Tata Steel to invest 3,000 crore in Jharkhand in next 3 years to expand capacities

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29-Aug-21

Tata Steel to invest 3,000 crore in Jharkhand in next 3 years to expand capacities

“Tata Steel plans to invest 3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio,” Chanakya Choudhary, vice president – Corporate Services, Tata Steel . Mr. Choudhary said Tata Steel has been in Jharkhand for the past 114 years and it is a home to the steel company.
The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 here, launched by Chief Minister Hemant Soren.

Mr. Soren said, “You all are part of Jharkhand family. And we want our family to grow further so that the rich identity of the state comes in front of the country and the world.” The Chief Minister said that an upgraded industrial policy has been prepared and it is a matter of pride that Tata Steel has expressed willingness to invest in Jharkhand.
Eyeing to attract big-ticket investments and make Jharkhand a leading hub for manufacturing of electric vehicles, among others, Jharkhand Chief Minister Hemant Soren on Friday had offered sops and facilities to mega industrial players including Tatas, Vedanta, SAIL, NTPC and Maruti Suzuki.

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