Tata Steel to set up Rs 30,000 cr plant in Karnataka

June 07, 2012 18:57

Tata Steel today announced plans to set up a Rs 30,000 crore steel plant in Karnataka as the government-sponsored Global Investors' Meet (GIM) 2012
commenced here.

The six million tonne per annum capacity plant would come up up Haveri district, Tata Steel Vice-Chairman B Muthuraman said at the inaugural GIM function. Aditya Birla Group CMD Kumar Mangalam Birla said the group proposed to invest Rs 7,000 crore in the state. This includes setting up a four million tonne per annum capacity cement plant at a cost of Rs 2,750 crore.

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