Business conglomerate Tata Group’s steel arm Tata Steel is on expansion mode and eyes an installed capacity of 30 million tonnes (mt) by 2025 from the existing 18.5 mt.
According to Anand Sen, president of steel business at Tata Steel, “Our aim is to cross 30 mt by 2025. It’s an aspiration. We have got a line of sight up to 27-28 mt. The balance should happen.”
A Business Standard report said the company plans to achieve the capacity through brownfield expansion across its plants in Jamshedpur (Jharkhand), Kalinganagar (Jajpur district of Odisha), the newly acquired Bhushan Steel, and the Usha Martin steel facility, for which it has signed an agreement.
Currently, Tata Steel has a capacity of about 18.5 mt. Jamshedpur is at around 10 mt and Kalinganagar at 3 mt.
Sen added: “Bhushan Steel did around 3.5 mt last year. We took over in May-end and are expecting it to clock in around 4.3 mt this year. But we can see our way towards 5.6 mt.”
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