Tata Steel aims to achieve 73pc of total production capacity (55mn mt) from Indian operations by 2030.
The steelmaker has several expansion plans through both organic and inorganic routes boosted by strong consumption and bullish market prospects in India.
The company’s current capacity in India is 19.6mn mt, which it plans to increase to 40mn mt by 2030, according to the investor presentation published on Sept 6. The second phase of expansion plans are currently underway which could increase steel capacity from 3mn mt to 8mn mt at the company plant in Kalinganagar.
The targeted capacity of 40mn will comprise of 30pc flat products and 10pc long product segments. The steelmaker is eyeing growth opportunities in the long products segment through inorganic routes, by engaging with RINL and NINL.
The company is also raising capacity of its Indian downstream operations – namely, the capacity of cold rolled products to 6.5mn mt from 4.3mn mt, ductile iron pipes to 1mn mt from 0.2mn mt, tinplate to 1mn mt from 0.4mn mt, tubes to 2mn mt from 1.3mn mt and wires to 1mn mt from 0.45mn mt.
The steelmaker also aims to grow its steel business through recycling and has set up India’s first shredder and organized a recycling facility in Rohtak with a capacity of 0.5mn mt. Additionally, the company plans to build plants with capacity of 5mn mt all over India by 2030 in regions where more scrap is available.