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Private Sector | Multi State - India | PID: 203210
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Tata Steel will spearhead its allocation of around Rs 10,000 crore a year for capital expenditure to expand its production capacity to 40 MTPA by 2030. This was articulated at Tata Steel’s annual general meeting, and strategies would be deployed for the expansion plan and use of technologies for decarbonisation.
The company is in the process of expanding the Kalinganagar plant from three MTPA to eight MTPA, with further scaling up under the third phase to reach 13 MTPA. NINL, an acquired subsidiary and part of the Kalinganagar ecosystem, will also be expanded from the current one MTPA to 5.5 MTPA in the coming years.
Tata Steel’s 0.75 MTPA scrap-based low-carbon electric-arc furnace in Ludhiana is expected to be commissioned by 2026, enabling it to build its long product portfolio. Overseas, the company is also in talks with the Dutch government for a plan to replace one of the two BFs with hydrogen-based direct reduction of iron (DRI) technology.
| Updated on: 31 - Jul - 2024
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