The Telegraph
Wednesday , April 2 , 2014
CIMA Gallary

Tata Steel’s twin pledges

Tata Steel is serious about executing the eastern-western corridor and the proposed airport at Adityapur — two key projects that will lend a boost to infrastructure in Jamshedpur and its adjoining areas — and is pursuing matters at government-level.

The assurance came from none other than the steel major’s managing director T.V. Narendran during an interaction with the media at the Centre for Excellence on Tuesday evening.

Narendran, who was accompanied by Koushik Chatterjee, group executive director (finance and corporate), said: “We want to give the residents of the steel city the best infrastructure and we are trying for that. The issues are being worked out with the state government.”

The eastern-western corridor project is expected to cost over Rs 1,350 crore.

According to Narendran, work on the 9km Marine Drive, the sole approach to Adityapur toll bridge from Jamshedpur side and part of the western corridor project, was expected to be completed by August this year.

In comparison, work on the eastern corridor project, which includes construction of flyovers, will take some time as it is awaiting the state government’s nod. It will be executed on PPP basis.

On the proposed international airport, Sunil Bhaskaran, vice-president (corporate services) of Tata Steel, said a total of 550 acres were required for the project.

“The company has already acquired about 480 acres. At present, we are in the first stage of obtaining clearances from various government departments,” he added.

According to sources, the steel major would pitch in around Rs 450 crore for the airport for which it has acquired land at Sapra on the other side of river Kharkhai in adjoining Seraikela-Kharsawan district.

A new airport has become the need of the hour because of the expansion hurdles facing the existing facility spread over 25 acres at Sonari. Urbanisation and haphazard encroachments have grounded the Sonari project.

Among the company’s other plans, Narendran said Tata Steel would start production from its greenfield steel plant at Kalinganagar in Odisha from the fourth quarter of the next fiscal.

“Right now, the focus is on the Kalinganagar project. The plant will start production from the fourth quarter of this fiscal,” he said.

He went on to add that the company had spent around Rs 20,000 crore for taking the production level from 7 million tonne per annum to 10.55 million tonne per annum at its Jamshedpur plant.

“We have necessary environment clearances at Jamshedpur for producing 10.55 million tonne per annum steel,” he said.

On production performance, Narendran said the company achieved hot metal and crude steel production of 9.90 million tonnes and 9.15 million tonnes, respectively, for FY-14, registering a growth of 11-12 per cent. Saleable steel production witnessed a growth of over 12.72 per cent at 8.95 million tonnes.