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,

With the Phase II expansion, Odisha has emerged as the largest investment destination in India for Tata Steel, with a total cumulated investment of over Rs 100,000 crore in the last 10 years.

The new blast furnace with a volume of 5870 cubic metre was inaugurated by T. V. Narendran, CEO and managing director, Tata Steel, in the presence of senior leaders of the company

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.