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,

BHUBANESWAR: Tata Steel successfully commissioned India’s largest blast furnace at Kalinganagar in Jajpur district on Friday. With a total investment of Rs 27,000 crore, the phase-II expansion at Kalinganagar will take the total capacity from 3 MTPA to 8 MTPA.

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 Group, a global enterprise headquartered in India, and Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced a strategic alliance to explore potential cooperative manufacturing opportunities.

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