{"id":17267,"date":"2023-06-19T04:25:57","date_gmt":"2023-06-19T04:25:57","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=17267"},"modified":"2023-06-20T04:28:58","modified_gmt":"2023-06-20T04:28:58","slug":"top-steel-plant-to-invest-rs-16000-crore-on-capital-projects","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/top-steel-plant-to-invest-rs-16000-crore-on-capital-projects\/","title":{"rendered":"Top steel plant to invest Rs 16,000 crore on capital projects"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/17267?pdf=17267\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><img src=\"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/04\/JSPL-plans-largest-and-greenest-steel-plant-in-Odisha.jpg\" \/><\/p>\n<p>Global industrial behemoth Tata Steel anticipates spending Rs 16,000 crore on capital projects for its domestic and international operations this fiscal year.<\/p>\n<p>According to the company&#8217;s CEO &amp; MD T V Narendran and Executive Director &amp; CFO Koushik Chatterjee, out of the anticipated amount, Tata Steel has set aside Rs 10,000 crore for standalone operations and Rs 2,000 crore for its Indian subsidiaries.<\/p>\n<p>&#8220;The projected capital expenditure (capex) for FY2023-24 is set at Rs 16,000 crore on a consolidated basis which is intended to be financed through internal accruals over the full year,&#8221; the executives said in the company&#8217;s annual report for 2022-23.<\/p>\n<p>Of this, Rs 10,000 crore has been earmarked towards Tata Steel Standalone operations of which the Kalinganagar project will account for approximately 70 per cent, they said.<\/p>\n<p>The company is in process of expanding capacity of its plant at Kalinganagar, in Odisha to 8 MT from 3 MT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report Global industrial behemoth Tata Steel anticipates spending Rs 16,000 crore on capital projects for its domestic and international operations this fiscal year. According to the company&#8217;s CEO &amp; MD T&#8230; <\/p>\n","protected":false},"author":1,"featured_media":6356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[37,163],"tags":[260],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/04\/JSPL-plans-largest-and-greenest-steel-plant-in-Odisha.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17267"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=17267"}],"version-history":[{"count":1,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17267\/revisions"}],"predecessor-version":[{"id":17268,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/17267\/revisions\/17268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/6356"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=17267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=17267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=17267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}