The Phase II expansion of the facility, which commenced commercial production in May 2016 is supported by a ₹27,000 crore investment, the steelmaker said in an exchange filing.

India's Tata Steel has invested 270 billion rupees ($3.23 billion) to expand crude steel capacity at its facility in the eastern Indian state of Odisha, the company said on Friday. ($1 = 83.5200 Indian rupees) (This story has been corrected to fix an error in the headline and paragraph 1,

The new blast furnace, with a volume of 5,870 m3, is equipped with state-of-the-art features for long campaign life and an eco-friendly design to optimise the steelmaking process. The blast furnace will also have a zero-process water discharge plan with rainwater harvesting.

Prime Minister Narendra Modi has been pushing for India to rival global semiconductor powerhouses such as Taiwan.

Tata Electronics has entered into a strategic alliance with Analog Devices Inc. (ADI), a semiconductor company, to explore semiconductor manufacturing opportunities in India.

Tata Group and Analog Devices have announced a strategic alliance. The partnership aims to explore potential joint opportunities in the semiconductor ecosystem in India. What Happened: The Tata Group and Nasdaq-listed Analog Devices made the announcement on Wednesday.