The board of directors, Tata Steel, at its meeting held on June 30, 2004, has approved the company’s 2.4 million tonnes per annum steel capacity expansion programme at its Jamshedpur Works, at an estimated cost of Rs 7800 crore, which would be met out of internal accruals and long term borrowings. This expansion project is likely to be completed by 2009.

Tata Steel, currently produces four million tonnes at Jamshedpur, is undergoing a one million tonne expansion programme, which would be completed by September 2005. With the addition of 2.4 million tonnes, the capacity at Jamshedpur would increase up to 7.5 million tonnes.