The investment will cover manufacturing of ingots, and wafers
The project is also expected to create business opportunities for local contractors, suppliers, transport operators and service providers during its development and operation
The projects are also expected to create around 4.9 lakh jobs as commercial coal mining expands following the opening of the sector to private participation
The additional capacity could generate annual savings of Rs 6,200-6,700 crore, translating into a payback period of around 1.8-2.2 years
The industrial park is being developed by Tata Steel Special Economic Zone Limited, a wholly owned subsidiary of Tata Steel
Details regarding the nature of the project, its production capacity, commissioning schedule and potential employment generation have not yet been disclosed
