Tata Steel Press Release - Tata Steel Special Economic Zone’s Gopalpur Industrial Park joins World Economic Forum’s Transitioning Industrial Clusters Initiative |

The collaboration with WEF will strengthen Gopalpur Industrial Park (GIP)’s resolve to strengthen India’s role in the global clean energy revolution ~

~ GIP is fast emerging as a hub for green hydrogen/green ammonia and green energy equipment manufacturing ~

~ Few new projects expected to come up in GIP shortly ~

Bhubaneswar/Gopalpur, June 2, 2025: Tata Steel Special Economic Zone’s Gopalpur Industrial Park (GIP) joins the World Economic Forum’s (WEF) Transitioning Industrial Clusters Initiative that brings together public and private sector stakeholders from industrial clusters to reduce their CO2 emissions while driving economic growth and creating jobs. This global initiative, implemented in collaboration with Accenture and Electric Power Research Institute (EPRI), seeks to accelerate large scale decarbonisation by fostering industrial ecosystems that promote sustainability, energy efficiency, and green innovation.

Located in the Ganjam district of Odisha, GIP is fast emerging as a hub for green hydrogen/green ammonia and green energy equipment manufacturing. With a clear focus on sustainability, GIP will bring together its own development goals and India’s National Green Hydrogen Mission, which aims to position the country as a global leader in the production, utilisation, and export of green hydrogen and its derivatives.

Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, said, “Gopalpur Industrial Park is proud to be part of this transformative initiative by the World Economic Forum. The ongoing rapid industrialisation of Odisha, which includes large clusters like GIP, is also offering new opportunities to dedicate our infrastructure and expertise, to create a decarbonised future. GIP’s focus on green hydrogen and renewable energy clusters reflects our unwavering commitment to sustainable industrial development. By leveraging global best practices and innovative partnerships, we aim to contribute significantly to India’s clean energy targets. We expect few more projects of similar nature to come up in GIP shortly.”

Around 25% of GIP’s available land has been earmarked for green hydrogen/ammonia and renewable energy sectors, aligning with national sustainability goals. GIP has also signed land leasing and blocking agreements with multiple green hydrogen players, facilitating a total capacity of >2 million tonnes per annum of green ammonia with an estimated multi-phased investment of more than Rs. 27,000 Crores. With these investments in place, GIP will be able to contribute around ~10% of India’s green hydrogen/ammonia production target by 2030 under the National Green Hydrogen Mission. GIP’s infrastructure master plan has several key components including a 2.5 km long, 60 m wide exclusive utility corridor connecting GIP to Gopalpur Port to ensure secured and efficient transportation of green ammonia for global exports. GIP has already collaborated with Gopalpur Port to facilitate seamless shipment of green ammonia to international markets, supporting India’s export ambitions.

Further, to ensure sustainable, round-the-clock water availability, GIP has a provision to set up a desalination plant, addressing critical industrial water needs while safeguarding local resources. GIP is also working to facilitate reliable green power transmission from the western regions of India that will strengthen its commitment to providing clean energy solutions. GIP is also working towards setting up a Common Effluent Treatment Plant for safe disposal of industrial wastewater.

Disclaimer

Statements in this press release describing the Company’s performance may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

For queries and information

Sarvesh Kumar, Chief Corporate Communications, Tata Steel, [email protected]

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world.
The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2025.
A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 78,000.
Tata Steel has announced its major sustainability objectives including Net Zero by 2045.
The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. Tata Steel has also been recognised with the ‘Digital Enterprise of India – Steel’ Award 2024 by Economic Times CIO.
The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel^TM certified sites.
Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2025 Steel Sustainability Champion recognition from worldsteel for eight years in a row, 2023 Climate Change Leadership Award by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet’s India’s top 500 companies 2022, Ranked as the 2024 most valuable Mining and Metals brand in India by Brand Finance, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, and ‘Best Corporate for Promotion of Sports’ recognition at the Sportstar Aces Awards 2024.
Received the 2023 Global ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk – Risk Technology’ recognition at The India Risk Management Awards, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility and Sustainability Report (BRSR), Excellence in Financial Reporting FY20 from ICAI, among several others.