The company will boost capacity at its recently acquired Neelachal Ispat Nigam Ltd (NINL) to 5.5 million tonnes per annum (mtpa) from the present 1 mtpa, said Ashish Anupam, vice-president, long products at Tata Steel. It will also install multiple electric arc furnaces, including one already under construction at Ludhiana, adding around 2 million tonnes of extra long-product capacity.
This will take Tata Steel’s total long products capacity to 10-11 mtpa by 2029-30 from 5.3 mtpa at present, Anupam said in an interview. The entire project may cost ₹35,000 crore.
“If I look at FY30—we have a seven-year runway—longs would be close to about 10 to 11 million tonnes, ballpark," he said. He clarified that this was still at a planning stage, and no formal proposal has been presented to the company’s board.
Currently, Tata Steel has 5.3 mtpa of long steel capacity out of its total set-up of around 21.6 mtpa in India. This capacity is spread across NINL (1 mtpa), Jamshedpur (3.3 mtpa) and Usha Martin (1 mtpa) facilities.
Denne historien er fra December 25, 2023-utgaven av Mint Mumbai.
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Denne historien er fra December 25, 2023-utgaven av Mint Mumbai.
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