Tata Steel has announced that it aims to double production by increasing its production capacity in India from the current 21 MTPA to approximately 40 million tonnes per annum (MTPA). The expansion will primarily focus on increasing capacities in Jamshedpur, Gamharia (Jharkhand), Kalinganagar, and Meramandali (Odisha). This strategic move aims to increase Tata Steel's share of steel produced in India from the current 62% to over 75%.
Tata Steel, the global steel leader with a total capacity of 35 MTPA, underlines that sustainability is the fundamental basis of its growth strategy. The company aims to achieve its net zero target by 2045 and is making significant investments in low-CO2 steel production technologies.
As part of its growth strategy, Tata Steel is vigorously pursuing both internal and external expansions across the world and strengthening its vision to become one of the most respected and valued steel companies globally.
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