Tata Steel SEZ to invest over Rs 2,000 crore in Odisha

Mumbai: Tata Steel SEZ said it plans to invest about Rs 2,000-2,500 crore for development of infrastructure at Gopalpur in Odisha in the near term. “We have already spent Rs 1,000 crore to set up a 55,000 TPA high carbon ferro chrome plant and development of infrastructure. Going forward we will invest Rs 2,000 -2,500 crore for the development of further infrastructure in the SEZ,” Tata Steel Managing director T V Narendran said. The company is in discussions with investors in China and some South-East Asian countries have evinced interest in investing in the SEZ.