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11 Jun
08:32

Tata Steel gears up for major capacity expansion

Indian steel major Tata Steel is set to significantly expand its production capacity in India, driven by its growth strategy and the bullish outlook for steel demand in the coming years, notes Kallanish. The company plans to increase its capacity from the current 21 million tonnes/year to 40m t/y by 2030. A major focus of this expansion is the Kalinganagar plant in Odisha, where the second phase aims to boost production from 3m t/y to 8m t/y by the end of 2024, wi…
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