Tata Steel to invest Rs 3,000 cr in Jharkhand for capacity expansion

Chief Minister Hemant Soren announced the commitment at the launch of the Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021.

Through a two-day investors meeting that ended on Saturday, the Jharkhand government hopes to attract Rs 1 lakh crore in investment and create 5 lakh jobs in the state.

Chanakya Choudhary, Vice President - Corporate Services, Tata Steel, told the media that Tata Steel plans to invest Rs 3,000 crore in Jharkhand over the next three years to expand its coal and iron ore mine capacities as well as its downstream value-added steel portfolio.

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