Tata Steel to invest Rs 11,000 crore in Jharkhand for developing advanced grade steel

RANCHI: (Mar 2) Tata Steel will invest Rs 11,000 crore in Jharkhand for developing advanced grade steel at its Jamsehdpur facility, Tata Group Chairman N Chandrasekaran said on Monday.

The technology developed by the Tata Group for advanced steel production will benefit other steelmakers, too, he said.

"Tata Steel will invest Rs 11,000 crore in Jharkhand for developing advanced green steel technology, pioneered by it with low carbon production... It will make the steel process faster and reduce carbon emission," Chandrasekaran said, sharing the stage with CEO T V Narendran and Chief Minister Hemant Soren.