Tata Steel signed a Memorandum of Understanding on 26 August 2022 with the Government of Punjab for setting up a 750,000 tonnes long products steel plant with a scrap-based electric arc furnace at Kadiana Khurd in Hitech Valley in Ludhiana. Punjab’s Chief Minister Mr Bhagwant Mann tweeted “Sharing good news with the Punjabis. An agreement has been reached between my government and TATA Steel to set up a plant in Punjab. INR 2600 crores will be invested and our youth will get employment.”the plant will be spread over 115 acres of land adjacent to the state-of-the art Industrial Park developed by Punjab Small Industries & Export Corporation.The EAF-based steel plant would produce construction grade steel rebar under the Company’s flagship retail brand Tata Tiscon, which would enable Tata Steel to further augment its market presence in the construction segment.In August 2021, Tata Steel commissioned its first Steel Recycling Plant of 500,000 tonnes per annum capacity at Rohtak in Haryana.
Tata Steel signed a Memorandum of Understanding on 26 August 2022 with the Government of Punjab for setting up a 750,000 tonnes long products steel plant with a scrap-based electric arc furnace at Kadiana Khurd in Hitech Valley in Ludhiana. Punjab’s Chief Minister Mr Bhagwant Mann tweeted “Sharing good news with the Punjabis. An agreement has been reached between my government and TATA Steel to set up a plant in Punjab. INR 2600 crores will be invested and our youth will get employment.”the plant will be spread over 115 acres of land adjacent to the state-of-the art Industrial Park developed by Punjab Small Industries & Export Corporation.The EAF-based steel plant would produce construction grade steel rebar under the Company’s flagship retail brand Tata Tiscon, which would enable Tata Steel to further augment its market presence in the construction segment.In August 2021, Tata Steel commissioned its first Steel Recycling Plant of 500,000 tonnes per annum capacity at Rohtak in Haryana.
