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Tata Steel plans an installed capacity of 30 million tons (20.5 million tons) by 2025
The company plans to reach this capacity through the expansion of the wastelands at its factories in Jamshedpur (Jharkhand), Kalinganagar (Jajpur) district of Odisha), the recent acquisition of Bhushan Steel and the Usha Martin steel plant, for which it has signed an agreement. "Our goal is to cross 30 mt by 2025. It's an aspiration. We have a line of sight at 27-28 mt. The balance should be achieved, "said Anand Sen, president of steel at Tata Steel.
At present, Tata Steel has a capacity of about 18.5 mt. Jamshedpur is at about 10 m and Kalinganagar at 3 m. "Bhushan Steel made about 3.5 mt last year. We took office in May and we expect production of about 4.3 mt this year. But we can move to 5.6 mt, Sen. said
Small capital expenditure may be needed for this purpose.It was under development, but could be between 5 billion and 10 billion rupees, he said.
"Our badessment has shown that it could exceed 8 tons, but for that it would be necessary to install a new blast furnace." This would be like a second phase. The first attempt was therefore quick to cross 5 mt, "Sen said.
Tata Steel acquired Bhushan Steel as part of India's new process of insolvency and bankruptcy.
The second phase of Kalinganagar, which will increase to 3 mt, would be completed by 2021 or early 2022.
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In September, Tata Steel signed an agreement to acquire the steel sector of Usha Martin, which, he says, could make about 1.5 mt. The Jamshedpur factory, which is currently running around 10 mt, could reach 13.5 mt.
Sen was on the eve of the announcement of the 56th Metallurgy Day and the 72nd Annual Technical Meeting organized by the Indian Institute of Metals Association in badociation. with Tata Steel.
The figures mentioned by Sen total about 28.6 tons. Additional debottlenecking at one of the facilities could help Tata Steel reach its goal.
The demand for steel in the country increased from 6.6 to 7%. Over the last 10 to 12 years, it had lagged behind the GDP growth rate, but announcements of government projects helped to improve the demand scenario.
Domestic steel consumption increased 9.2% qoq in the 19th quarter of 2014, up from 7.9%. percent was recorded during fiscal year 18. The second quarter was stable, said Peeyush Gupta, vice president of marketing and steel sales at Tata Steel.
Steel companies are currently taking advantage of the recovery of the steel cycle to increase their capacity.
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