The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, with compliance to all technical parameters.
Chromite briquettes used for making ferro-chrome have been produced by the Briquetting Plant at the ferro-chrome plant complex. The Briquetting Plant had earlier commenced production on January 23, 2017. For the plant, the steel major is sourcing chrome ore from its chromite mine at Sukinda in Jajpur district of Odisha.
D B Sundara Ramam, Executive-in-Charge, Ferro Alloys & Minerals Division of Tata Steel said, "This marks tho completion of the commissioning of the ferro-chrome plant. It also goes a long way in consolidating our footprint in Odisha and the long standing partnership with the state towards industrial progress of the region."
Shares of the company gained Rs 3.8, or 0.79%, to trade at Rs 484.65. The total volume of shares traded was 256,057 at the BSE (12.14 p.m., Tuesday).