Tata Steel to Set Up 2,600 Cr. Scrap-Based Steel Plant in Punjab
Tata Steel held the ground breaking ceremony for its scrap-based Electric Arc Furnace (EAF) plant in Ludhiana, Punjab. This plant will be developed in phases, and the first phase will come up at an estimated cost of Rs. 2,600 crore. The company shared this information via a press release dated 20th October 2023.
Phase 1 of Tata Steel’s Plant to be Commissioned in 2025
First phase of Tata Steel’s plant in Ludhiana will have a production capacity of 7.5 lakh Metric Tonne Per Annum (MTPA) and is expected to be commissioned by March 2025. Tata Steel stated in its release that this upcoming plant will be equipped with Electric Arc Furnaces, which have lower carbon emissions than conventional steelmaking methods which typically use blast furnaces. The company expressed that this will be its first low-carbon Green Steel plant in India.
Scrap to be Locally Sourced, Turned to Rebars under ‘Tiscon’ Brand
Tata Steel’s upcoming Ludhiana plant will source scrap from Hi-Tech Valley Industrial Park and nearby auto industry plants. This scrap-based plant will be developed on a 115 acre land parcel in Ludhiana’s Kadiana Khurd Industrial Park, which is adjacent to the aforementioned Hi-Tech Valley Industrial Park. This scrap will be used to produce rebars, which will be then marketed under Tata Steel’s ‘Tiscon’ brand.
Commenting on this development, Mr. T.V. Narendran, Chief Executive Officer & Managing Director, Tata Steel, said, “We are commencing a new journey of transition towards a more sustainable Electric Arc Furnace-based steel making, through which we will continue our pursuit of decarbonization. This proposed new state-of-the-art facility in Ludhiana marks a significant stride in our commitment to sustainable manufacturing and achieving Net Zero by 2045”.
Tata Steel’s Ludhiana Plant to Generate 2,500 Employment Opportunities
Tata Steel’s Ludhiana Green Steel plant will generate 2,500 employment opportunities in Punjab. Out of this 500 will be direct employment opportunities while 2,000 will be indirect employment opportunities.
About Tata Steel: Tata Steel was established in 1907 as Asia’s first integrated private steel company. Tata Steel’s establishment led to the development of Jamshedpur as India’s first industrial city. The Mumbai-headquartered company has a presence in over 26 countries, and logged a turnover of Rs. 2,41,636.25 crore in the 2022-2023 financial year.
