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Tata Steel''s First Greenfield Ferro-Chrome Plant in India at Gopalpur Starts Production

Posted On: 2017-02-28 20:27:01

The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, with compliance to all technical parameters.

Chromite briquettes used for making ferro-chrome have been produced by the Briquetting Plant at the ferro-chrome plant complex. The Briquetting Plant had earlier commenced production on January 23, 2017. For the plant, the steel major is sourcing chrome ore from its chromite mine at Sukinda in Jajpur district of Odisha.

Speaking on the occasion Mr D B Sundara Ramam, Executive-in-Charge, Ferro Alloys & Minerals Division of Tata Steel said, "This marks the completion of the commissioning of the ferro-chrome plant. It also goes a long way in consolidating our footprint in Odisha and the long standing partnership with the state towards industrial progress of the region."

As part of the anchor investment in Tata Steel''s Gopalpur Industrial Park, the Rs 542 crore Ferro-chrome plant has an installed capacity of 55,000 tonne per annum (TPA). The plant was inaugurated on November 30, 2016 by the Chief Minister of Odisha, Shri Naveen Patnaik. It is a unique environment-friendly plant with state-of-the-art pollution control equipment and technology such as the ETP (Effluent Treatment Plant) and STP (Sewage Treatment Plant). It has 100% water harvesting facility that caters to most of the water needs of the plant. It has an indigenously built semi-closed hybrid furnace, which is first of its kind in India and components procured from all over the world to maintain high standards of quality and safety. Also, it is the first plant in India to use briquetting method of Chrome ore fines agglomeration.

Besides the plant at Gopalpur, Tata Steel has two other Ferro-chrome plants in Odisha - a 65,000 TPA plant at Bamnipal in Keonjhar district and the other at Athagarh in Cuttack district of 55,000 TPA capacity under the management of its subsidiary T S Alloys.

Shares of TATA STEEL LTD. was last trading in BSE at Rs.482.65 as compared to the previous close of Rs. 480.85. The total number of shares traded during the day was 455776 in over 4780 trades.

The stock hit an intraday high of Rs. 485.5 and intraday low of 480.85. The net turnover during the day was Rs. 220293601.


Source: Equity Bulls

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