Diversified conglomerate meaning Tata Steel on Saturday expressed commitment to invest Rs 3,000 crore in Jharkhand in the next three years to augment capacities. The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 here, launched by Chief Minister Hemant Soren.
Commenting on the development, Chanakya Choudhary, Vice President - Corporate Services, Tata Steel, said ''Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with the expansion of capacities of coal and iron ore mines and downstream value added steel portfolio,'' Choudhary said Tata Steel was in Jharkhand for the past 114 years and it was home to the steel company.
Tata Steel is Asia's first integrated private sector steel company dealing with mining to manufacturing and marketing of finished products. It is the flagship company of the Tata group and is among the top-ten global steel companies with an annual crude steel capacity of 34 million tonnes per annum.
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