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Tata Iron and Steel Company Ltd. is at present analysing various options to set it up in a cost-effective way.
Water will form an important constituent of any option that Tata Steel decides. The way the water issue is addressed will also define the project profile. According to Managing Director, Tata Steel has already initiated discussions with the State Government on various possibilities for sourcing the water needs of the proposed titanium dioxide project.
Given the current water situation in the State, he felt that the proposed project might need a desalination plant. To address the cost concerns, a power plant along with the desalination plant would be in orderMr. Muthuraman said Subject to technical and commercial viability, it had said then that it would put up an integrated titanium dioxide facility in two phases. According to the MoU,
(1) The first phase would involve mining mineral, beneficiation and manufacture of synthetic rutile, used in making electrodes.
(2)The final phase would see the setting up of a manufacturing facility for titanium dioxide.
Mr. Muthuraman said that a one lakh tonne titanium dioxide project facility would cost Rs. 1,500-1,600 crores without the desalination and power plants.
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