Tata Steel will commence work on its ferro-alloys plant at Gopalpur, in South Odisha, by March 2015.

This is the same timeline for commissioning of its three million tonne steel capacity unit at Kalinganagar. The company is setting up a six million tpa steel plant and the first phase will be commissioned by March 2015.

The ferro-alloys plant is estimated to cost Rs 200-250 crore and the rebar mill will require an investment of Rs 750 to Rs 800 crore. Tata Steel is the anchor tenant for the Gopalpur Special Economic Zone (SEZ) spread on an area of 2,952 acre.

Earlier, the company had announced setting up a 50,000 tonne per annum ferro-chrome plant and one 4,00,000 tonne per annum rebar mill, over 400 acre of land at Gopalpur.

The total investment is Rs 1,000 crore for these two projects and it will create employment for 1,000 people in the initial stage.