Punjab

Tata Steel to set up plant Punjab’s Ludhiana; to invest Rs 2,600 cr

CM Bhagwant Mann hands over land allotment letter, assures full support and cooperation.

By Dinkle Popli -- August 26, 2022 3:41 pm -- Updated:August 26, 2022 4:43 pm

Chandigarh, August 26: Punjab Chief Minister Bhagwant Mann on Friday handed over land allotment letter to Tata Group for setting up its scrap-based steel plant at an investment of Rs 2,600 crore in the first phase at Ludhiana.

Also Read| PM Modi’s security breach in Punjab: SSP Ferozepur failed to discharge duties, finds SC committee

Taking to his Twitter he wrote, “Sharing a good news with the Punjabis... an agreement has been made  between my government and TATA Steel Company to set up a plant in Punjab... ₹2600 crores will be invested... our youth will get employment... true intentions yield results.... Companies have started investing in Punjab again…”

“We are committed to making Punjab a front runner in the industrial sector and this maiden investment by Tata Group in the state is a step forward in this direction”, said Chief Minister Bhagwant Mann during a meeting with a delegation led by Global CEO & MD, Tata Steel Limited, TV Narendran, who called on him at his office on Friday.

Welcoming the Tata Group to Punjab, CM Mann said this was a ‘Red letter’ day in the history of the state as this was maiden investment by this globally leading company in the state.

Also Read| Bilkis Bano case: SC issues notice to Gujarat on plea challenging release of convicts

-PTC News

  • Share