Tata Steel's Rs 10,000-Crore Capex Drive to Boost Capacity by 2030

Tata Steel plans to allocate Rs 10,000 crore annually for capital expenditure to increase its production capacity to 40 MTPA by 2030. This significant expansion strategy, shared at the company's annual general meeting, also includes deploying advanced technologies for decarbonisation.

The Kalinganagar plant, a key focus of Tata Steel’s expansion, is set to grow from three MTPA to eight MTPA in the near term, with a third phase pushing capacity to 13 MTPA. Additionally, NINL, a recently acquired subsidiary within the Kalinganagar ecosystem, will see its capacity rise from one MTPA to 5.5 MTPA.

In Ludhiana, Tata Steel is on track to commission a 0.75 MTPA scrap-based low-carbon electric-arc furnace by 2026. This project aims to enhance the company's long product portfolio and support its sustainability goals.

On the international front, Tata Steel is negotiating with the Dutch government to replace one of its blast furnaces with hydrogen-based direct reduction of iron (DRI) technology, marking a significant step toward greener steel production.

These initiatives reflect Tata Steel's commitment to expanding its global footprint while prioritizing environmental sustainability and technological innovation.

News by Rahul Yelligetti