India's Tata Steel plans to double its steelmaking capacity, focusing on domestic expansion

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India's Tata Steel plans to double its steelmaking capacity, focusing on domestic expansion

Large Corporate 16 Jul 2024 06:21 PM IST Steel Orbis

Tata Steel Limited of India will double its overall steelmaking capacity to 40 million metric tonnes per year, modifying its global strategy so that domestic manufacturing will account for 75% of total production, up from 62% currently, according to company chairman N. Chandrasekaran.

Mr. Chandrasekeran stated that the majority of the increased production would come from expanding its Indian mills in Jamshedpur, Kalinganagar, Gamaharia, and Meramandali. He did not, however, reveal when the expansion projects will be finished.

Subject to government assistance, he stated that the company intends to make significant investments in low-CO2 steelmaking technologies, including significant initiatives in the UK and the Netherlands.

The modernisation of the Port Talbot mill in the UK may result in 2,500 job losses due to the shift to a low-emission electric arc furnace process, he said.

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India's Tata Steel plans to double its steelmaking capacity, focusing on domestic expansion

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