TV Narendran, Chief Executive Officer and Managing Director (CMD) of Tata Steel has said that there is ample opportunity to increase the production capacity in steel plants to 40 million tonnes. According to him, a capacity of 40 million tonnes can be achieved by 2030 in its existing plants in India. TV Narendran said that this figure is almost double the current production capacity of the company.
Will continue talks on financial package with Britain
The CMD of Tata Steel has said that the company will continue to negotiate with the UK government on a financial package for operations there. It also said that Tata Steel has planned a capex of Rs 12,000 crore for its India operations.
Want to increase production capacity in India: TV Narendran
TV Narendran said in an interview here, ‘We want to increase the production capacity in India. We already have a capacity of around 21 million tonnes. It will soon become 25 million tonnes as Kalinganagar is expanding. We have some more plans – by combining Nilachal, Kalinganagar and Meramandali or Angul, a capacity of 40 million tonnes can be achieved by the year 2030.
Priority is to complete Kalinganagar extension
He said several projects are underway at various locations in India and the company has “given priority to complete the 5 million tonne per annum Kalinganagar expansion”. The company is in the process of increasing the capacity of its plant at Kalinganagar in Odisha from 3 million tonnes to 8 million tonnes.
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Neelachal Ispat Nigam’s capacity increased to 1 million tonnes
He said, ‘Within 9 months of acquisition, we have increased the capacity of Neelachal Ispat Nigam Limited to one million tonnes on an annual basis.’ Regarding capacity expansion, Narendran said, ‘Capital expenditure of Rs 12,000 crore will be made in India. are looking. It will remain at this level for at least the next three years.