Tata Steel announced that Odisha will become its largest investment destination following the phase-II expansion of its Kalinganagar plant, increasing capacity from 3 million tonnes per annum (mtpa) to 8 mtpa. The company has invested Rs.27,000 crore in this expansion, nearing commissioning of the enhanced capacity.

The Kalinganagar expansion is crucial for Tata Steel’s goal of reaching 40 mtpa capacity in India by 2030. This move positions Odisha as a significant investment site for the company, which, alongside the Meramandali plant in Dhenkanal, contributes to a total investment exceeding Rs100,000 crore in the state.

Tata Steel also foresees potential to double Kalinganagar's capacity to 16 mtpa in the coming years, further solidifying Odisha's pivotal role in the company’s growth strategy.