JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Tata Steel has inaugurated its first scrap-based electric arc furnace in India at Ludhiana, marking a major step in its low-carbon steel strategy. Built with an investment of about ₹3,200 crore, the new facility has annual capacity of 750,000 tonnes and is designed to produce greener steel using scrap as the main raw material.
The company said the plant’s carbon emissions are expected to be about 0.3 tonne per tonne of steel, well below India’s newly notified green steel threshold of 2.2 tonnes. The launch also fits Tata Steel’s broader decarbonisation roadmap, alongside its electric arc furnace plans in the UK and green steel transition work in the Netherlands.
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