Tata steel set to revive Gopalpur project

摘要

Private sector steel behemoth Tata Steel is planning to get the long-shelved Gopalpur project, in Orissa, humming again. The company is planning to invest Rs 500 crore in a cold-rolling steel processing plant on the Gopalpur site. Tata Steel had planned a 10 million tonne steel project in Gopalpur in the 1-990's. It had. even acquired 3,200 acres of land at Gopalpur, but the project was shelved owing toan unfavourable rum in the business cycle. The land remained with Tata Steel.