The steel major, as part of its corporate social responsibility (CSR), is setting up a 6 million ton integrated greenfield steel plant at Kalinganagar in Jajpur district, and a hospital near its rehabilitation colony at Gobarghati, reports Economic Times.

The project will be completed over next 2 years with the first phase commissioning slated in next one month. The hospital building is under construction over 4 acres of land and the civil construction of the project is almost over. About Rs 300 million is proposed to be spent by the company for the hospital project.

This is expected to benefit the families affected by the Tata Steel`s (Q,N,C,F)* project at Kalinganagar and also the people in periphery villages.

Various health services related activities like, rural health check-up programs, health camps during epidemics and awareness building activities for people on health issues are proposed to be planned through the hospital.

Shares of the company declined Rs 2.5, or 0.47%, to end at Rs 532.60. The total volume of shares traded was 2,397,371.00 at the BSE (Friday).