Tata pledges Rs.11K investment & making of hydrogen trucks
RANCHI, March 3 -- Tata Motors will invest in manufacturing hydrogen trucks at its Jamshedpur facility, besides entering the hospitality sector in the state and increase its CSR footprint in Jharkhand, Tata Group chairman N Chandrasekaran said in Ranchi on Monday.
Addressing reporters alongside chief minister Hemant Soren at the latter's residence after a two-hour meeting regarding "many plans", the Tata Group chairman reiterated their earlier announcement to invest Rs.11,000 crore in Jharkhand to develop advanced-grade steel in Jamshedpur. "The group is planning to invest in hydrogen trucks at our Jamedhpur facility. This investment in hydrogen trucks is also strategically important. The scope is significant for domestic as well as global players," Chandrasekaran said.
Regarding investment in steel production, the Tata Group chairman said that technology developed by the Tata Group for advanced steel production will also benefit other steelmakers.
"Tata Steel will invest Rs.11,000 crore in Jharkhand for developing advanced green steel technology. We pioneered and developed the technology. It will make steel production easier and reduce the carbon footprint, he added.
Speaking about the two-hour meeting with the chief minister and his team, Chandrasekaran said they discussed "many plans" as suggested by the chief minister. He also said the Tata Group will form an experts' panel to explore investment in various sectors for Jharkhand's development, "as suggested by the chief minister".
Making another announcement, Chandrasekaran said the group would also enter the hospitality sector with its first hotel set to open in Ranchi. "We will then move to other locations," he added.
Chandrasekaran also said they would increase their CSR footprint in the state. "Tata Steel is already doing CSR activities here. We will increase its scope and use it as required in association with the state," he added....
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