Tata Steel Ltd is eyeing an installed capacity of around Thirty million tonne per year by 2025 in India from the existing 18.5 million tonnes, a senior company official said.
Tata Steel has recently taken over Bhushan Steel and Usha Martin plants, which has a combined capacity of seven million tonnes per year.
Tata Steel (India) President-Steel Business, Anand Sen said, " With expansion and new capacities, we expect that by 2025, we can have 30 million tonne capacity in India."
He was speaking about Tata Steel in context to the steel sector's performance and outlook, on the sidelines of a curtain raiser event for an upcoming Indian Institute of Metals' programme.
Sen said the planned thirty million tonne capacity was based on the estimated capacity of the Kalinganagar plant to eight million tonnes after its 2nd phase of expansion, the Jamshedpur plant (13.5 million tonnes) and the 2 recently-acquired steel companies. The total capacity of the steel giant stands at twenty-seven million tonnes, taking into account its European operations.
Speaking about Bhushan Steel, in the current fiscal, it will achieve 4-4.2 million tonne production. " We are still evaluating capex in the plant (Bhushan Steel), but estimate it may require about Rs 500-1,000 crore," he added.