India’s Tata Steel Limited is planning a scrap-based electric arc furnace (EAF) route steel mill in southern India, company chief executive officer (CEO) T. V. Narendran said in a statement on Thursday, July 6.
He said that the company is already constructing a 750,000 mt per year capacity EAF route steel mill in Ludhiana in northern India which is expected to be completed within the next two years and, “if the model is successful, it will be replicated across the country.”
In a separate statement to company shareholders, Tata Steel chairman N. Chandrasekaran said that the company was “on track” to ramp up steelmaking capacity to 40 million mt per year by 2030, up from 21.6 million mt of domestic capacity at present.
He said that the Tata Steel is in the process of scaling up capacity through both organic and inorganic routes.