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KALINGANAGAR EXPANSION
'Tata Steel can unlock a lot of value with less capital downstream': CEO & MD T V NarendranTata Steel executives emphasize value-added products over mere production capacity. Changing market dynamics necessitate a focus on downstr...- Tata Steel to invest Rs 10,000 crore in Jharkhand projects by 2028, creating 2,000 jobsTata Steel plans a significant Rs 10,000 crore investment in Jharkhand projects by 2028. This expansion aims to boost steelmaking capacity ...
- Tata Steel aims to spend Rs 20,000 cr in FY27 on expansion, adoption of technologiesTata Steel plans a capital expenditure of Rs 20,000 crore this fiscal year, with 60% earmarked for its Indian operations. This investment w...
- Union Minister Nitin Gadkari urges joint ventures with US firms to harness advanced technologiesUnion Minister Nitin Gadkari has urged Indian companies to form joint ventures with US firms to access advanced technologies and boost inno...
- Tata Steel bets on higher prices, cost savings to lift FY27 marginsTata Steel anticipates improved margins this fiscal year, driven by higher steel prices and domestic volume growth, alongside ongoing cost ...
- Europe learnings to put Tata Steel ahead in IndiaTata Steel anticipates its UK operations will achieve break-even this fiscal year. This positive outlook stems from recovering steel prices...
- Tata Steel rolls out first batch of galvanised coils from newly commissioned line at KalinganagarTata Steel has started a new galvanised coil production line at Kalinganagar, Odisha. The first batch of coils is now out. This new line ha...
- Tata Steel completes 5 MT expansion project at Kalinganagar; India capacity crosses 26 MTTata Steel has finished the second phase of expansion at its Kalinganagar plant in Odisha. This increases the company's total capacity in I...
- Tata Steel commissions country’s largest blast furnace at KalinganagarTata Steel has commissioned India's largest blast furnace at its Kalinganagar plant, boosting its steel production capacity from 3 million ...
- Odisha to emerge as Tata Steel's largest investment destination post Kalinganagar expansionTata Steel is set to make Odisha its largest investment destination with the phase-II expansion of its Kalinganagar plant, increasing capac...
- Enough growth opportunities within facilities to take capacity to 40 MT in India: Tata Steel CEO"In India, basically we want to increase the capacity. We have already around 21 MT. It will be 25 MT soon because the Kalinganagar expansi...
- Tata Steel plans low CO2 steel-making technologies in UK, NetherlandsBoth, Tata Steel UK and Tata Steel Netherlands have been developing detailed plans for transition to low CO2 technologies in line with the ...
- Tata Steel to invest Rs 8,000 cr in capex on India operations during FY22: CEO T V NarendranThe amount will be spent mainly towards completion of the expansion of the Kalinganagar plant, and expansion of mining operations and recyc...
- Tata Steel bets on expanding steel demand to double its capacityTata Steel has restarted work on a pellet plant and cold-roll mill complex expansion at Tata Steel Kalinganagar. It was halted due to the l...
- Tata Steel begins work on Phase II at Kalinganagar with new Cold Roll MillThe mill will be capable of producing steel of tensile strength as high as 12,000 MPa (mega pascal) and plates of 18-70 metre wide and up t...
- Rs 12,000 crore rights issue shows Tata Steel is in a sweet spotCash will fund co’s Rs 23,500 crore capex plan including expansion of raw material capacity.
- Tata Steel plans 2nd phase expansion of Kalinganagar plant"Sometime in next six months a proposal will be sent to our board for its approval to start the second phase work at Kalinganagar."
- The profitability of steel industry will improve: TV Narendran, MD, Tata Steel"So far the Kalinganagar plant has been commissioned quite well and we are happy with the ramp up," said TV Narendran.
- Tata Steel to refinance $5.5 billion of debt in this fiscalTata Steel raised $1.5 billion by issuing dollar bond to overseas investors last month. The company has a net debt of Rs 68,540 crore ($11....
- Tata Steel plans Rs 14,000-crore capex during this fiscal"We have a capex plan of Rs 12,000 crore to Rs 14,000 crore in current fiscal year, which will be mainly funded through internal accruals."
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