Tata Steel to invest up to Rs 55,000 cr in Jharkhand

摘要

Prospective sites for Tata Steel's second 10 million-onne- per-annum capacity steel plant has finally narrowed down o Chandil or Manoharpur in Vest Singhbhum district of Jharkhand. Officials in the Jharkhand government maintain that Tata Steel, which plans to invest Is 45,000-55;000 crore in two phases spread over nie years, eyeing a sife at either of the two places. For the past few weeks, the wo places are said to have hosted an unusually high numper of Tata Steel executives. The company has decided to set up the steel plant in Manoharpur or Chandil," said an official.