Sharing details of the Gopalpur SEZ project, Tata Steel said it would invest Rs800 crore as anchor investor in the 50,000-tonne ferrochrome and 0.5-MT rolling mill.
We are investing Rs8,000 crore in the current fiscal, which will be in the Jamshedpur plant, Tata Steel managing director H. M. Nerurkar said on Friday.
Tata Steel global debt equity is 1.5:1 but in all future projects the company would aim to keep it at 1:1.
Tata Steel to pump Rs8,000 crore in Jamshedpur in FY12 – livemint.com.