Tata Steel CEO & MD Shares 40 Million Tonnes Vision for India
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Tata Steel CEO & MD Shares 40 Million Tonnes Vision for India

Economic Times reported that Tata Steel plans to double its capacity to 40 million tonnes at its existing facilities in Odisha and Jharkhand. Tata Steel CEO

Economic Times reported that Tata Steel plans to double its capacity to 40 million tonnes at its existing facilities in Odisha and Jharkhand. Tata Steel CEO & Managing Director Mr TV Narendran told ET “Expansion within the three sites in Angul, Kalinganagar and Jamshedpur will allow the company to grow from the current capacity of 20 million tonnes per annum to 40 million tonnes per annum. Kalinganagar can grow to about 15-16 million tonnes, Angul to 10 million tonnes and Jamshedpur to 14 million tonnes.”

Mr Narendran added “When you expand at the same site you bring the cost down significantly. And globally, if you look at steel companies, the most efficient sites are typically in the 15-20 million tonne range. Company wants each of the sites to be world-class and globally competitive.”

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