Tata Steel aims to double its capacity to 40 million mt by expanding its facilities in Angul, Kalinganagar and Jamshedpur, its Managing Director T.V. Narendran told The Economic Times in an interview.
Kalinganagar can grow to about 15-16 million mt, Angul to 10 million mt and Jamshedpur to 14 million mt, he told the newspaper.
“The recovery in the global and Indian economy has led to sharp improvement in steel demand in India,” Narendran told earlier this month in its fiscal third quarter earnings statement.
The Company has decided to restart work on pellet plant and cold roll mill complex at Tata Steel Kalinganagar. Both the pellet plant and cold roll mill complex, once completed, will expand margin. The expansion of Kalinganagar plant to 8 million mtpa from 3 million mtpa is ongoing.
Tata Steel Kalinganagar Plant commenced the commercial production in 2016. By deploying latest technology and state-of-the-art facilities, Tata Steel Kalinganagar is today, India’s largest Greenfield project, well-connected through roads, railway and nearby ports.
In 2018, Tata Steel acquired Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) through its wholly owned subsidiary. It has an existing steel production capacity of 5.6 million mt per annum.
TSBSL merger with Tata Steel is progressing ahead. The merger of Tata Metaliks and Indian Steel and Wire Products with Tata Steel Long Products in also underway, the company said in its earnings release earlier this month.
As one of the largest integrated steel players in India, Tata Steel BSL is a source for variety of products such as Hot Rolled Coil, CRCA, CRFH, Galvanized Coil and Sheet, Galume Coil and Sheet, Color Coated Coils, Color Coated Tiles, High Tensile Steel Strips, Hardened & Tempered Steel Strips, Precision Tubes, HFW/ERW Pipe (API Grade), 3LP Coated Pipes, Billets and Sponge Iron.