Tata Steel is all set to help the needy people in Orissa as it has planned to establish a 200-bed hospital at Gobarghati in Kalinganagar industrial area of Orissa’s Jajpur district.

The new hospital will have 24x7 services, a pathology lab and outdoor complex. About 10,000 people will get benefit with the establishment of this hospital.

Around four-acre area has been acquired by the steel giant for building up its hospital. The company is building the new hospital for the families working in its green field steel project in Kalinganagar.

As per the statement by a top company executive, Tata Steel is likely to increase price of some grades of steel products in September. The company is taking this step due to heavy demand of steel in the market by various steel consuming sectors.

Country’s largest steel maker, Tata Steel, has hiked its product prices by Rs 500 to Rs 750 a tonne.

Confirming the development, a Tata Steel source said: “We have increased the prices of hot-rolled and cold-rolled steel items by 5 to 7 per cent on our monthly contracts in select regions.”

The increase in rates would be effective from June 1.

The company last month has also increased the rates of long products by Rs 300-500 a tonne.

In the recent past, the demand for steel products has jumped considerably.