Deal #569

Industrial Park covers 2,949 acres (1,193 hectares), of which 1,235 acres (500 hectares) is notified special economic zone (SEZ) and 1,735 acres (702 hectares) is in the domestic tariff area. The steel company has been striving to woo investors for the park by staging roadshows within the country and overseas. Tata Steel has received expressions of interest for 190 acres of SEZ and 235 acres of the non-SEZ area. But potential investors are apprehensive to sign firm agreements due to the prevailing agitation. For the SEZ notified area, Tata Steel has signed a memorandum of understanding (MoU) with BS Minerals for a manufacturing unit on 2 acres. In the non-SEZ patch, other than Tata Steel's ferro-chrome plant, Sure Safety Solutions has put up a unit over 5 acres for aerial manufacturing targets. In 2020, two MSME (micro, small & medium enterprises) units have executed land lease deeds with the developer. Each of the units will be allotted two acres expected to be running their operations in four to five months. Hyderabad-based Gemini Edibles & Fats India Pvt Ltd has proposed to install a refined vegetable oil manufacturing unit within the Gopalpur industrial park. The facility will be spread over 25 acres within the DTA of the industrial park.

Multi-product SEZ and Industrial Park; The land at Gopalpur being developed as an industrial park was originally acquired for a shore-based steel plant proposed by Tata Steel in 1995-96. However, the steel maker shelved its plan and the state government suggested developing a multi-product SEZ on the acquired land. Keeping in view the changed land use plan, 1,235 acres was registered in favour of TSSEZ by the state government in October 2015, which was accompanied by a revised compensation package.

Land was acquired by Tata Steel thru Industrial Development Corporation of Odisha (IDCO) in 1995-96 initially for the Integrated Steel Plant.

Land was acquired by Tata Steel thru Industrial Development Corporation of Odisha (IDCO) in 1995-96

Rs.10 billion ferro chrome plant at the Gopalpur SEZ on an area of around 400 acres. Work on the project has started and the boundary lines for the plant has already been marked. The project proposes to have two units with a capacity to produce 50,000 tonnes per annum of ferro chrome and 400,000 tonnes per annum of re-bar steel mill