Ranchi, March 2 Tata Steel will invest ₹11,000 crore in Jharkhand to develop advanced grade steel at its Jamshedpur facility, Tata Group Chairman N Chandrasekaran said on Monday.
The technology developed by the Tata Group for advanced steel production will also benefit other steelmakers, he added.
"Tata Steel will invest ₹11,000 crore in Jharkhand to develop advanced green steel technology, pioneered by it with low carbon production," Chandrasekaran said, sharing the stage with CEO T V Narendran and Chief Minister Hemant Soren.
In addition, Tata Motors will also invest in hydrogen trucks at the Jamshedpur facility, he said.
"Tata Motors' investment in hydrogen trucks is strategically important, and its scope is significant for both domestic and global players," Chandrasekaran said.
He also said that the Tata Group will form an experts' panel to explore investment in various sectors for the development of Jharkhand, "as suggested by the chief minister".