Tata Steel, SAIL may form JV for coking coal
Though details are yet to be announced. Indications are that the JV is likely to be based in coal-rich Jharkhand.
By Rakhi Mazumdar, TNN |
KOLKATA: On Monday, agency reports said that Tata Steel and SAIL could form a JV for coking coal. Though details are yet to be announced. Indications are that the JV is likely to be based in coal-rich Jharkhand. “They may sign an agreement to form a JV,” a steel ministry official confirmed to ET. However, a SAIL spokesperson declined to respond adding: “It is too premature to make any comment.” A Tata Steel spokesperson also did not comment on the media reports doing the rounds. Both Tata Steel and SAIL realise only too well the importance of ensuring raw material security as they add new capacity.
Meanwhile, Tata Steel kicks off its plans for an expansion of capacity to 10 million tonnes at its Jamshedpur plant, which is slated to be completed by December 2010.
To mark the event, a groundbreaking ceremony was performed inside the work premises on Monday by B Muthuraman, MD, Tata Steel.
More significant, it is a sign of how much things have changed in the industry, a private sector and a state owned company — arch rivals till only a few years back — are planning to team up to address their critical raw material needs in the light of massive planned expansions by each of them. Together, the two companies are adding nearly 40 MT of capacity at an investment of over Rs 60,000 crore in the next 3-5 years.
Plans to expand Jamshedpur plant capacity:
Meanwhile Tata Steel kicks off its plans for an expansion of capacity to 10 million tonnes at its Jamshedpur plant, which is slated to be completed by December 2010. To mark the event, a groundbreaking ceremony was performed inside the work premises on Monday by B Muthuraman, managing director of Tata Steel. Also present on the occasion were chief operating officer (steel) HM Nerurkar, Tata Workers Union president Raghunth Pandey, vice-president (engineering services and projects) RP Singh, other senior officers of Tata Steel and office-bearers of Tata Workers Union.
Speaking on the occasion, Mr Muthuraman said: “Though there are many challenges involved in this project, I am confident that the project will be managed efficiently. In December 2010, when the project will be completed, Jamshedpur will become the single-largest unit and one of the most modern plants in the world.”
“We must ensure that the progress of this project takes place in the safest manner,” Mr Pandey said. As part of the 10 mt expansion plan, a series of investments will be made to augment the mines, a 6 mt pellet plant, expansion of capacity at Hooghly Metcoke from 1.2 to 1.6 mtpa, upgradation of existing A-E furnaces, a new LD3 BOF shop, two single strand thin slab casters of 1.2 mtpa capacity each with 2.4 mtpa hot rolling facilities and augmentation of LD2 to 4 mtpa.
Meanwhile, Tata Steel kicks off its plans for an expansion of capacity to 10 million tonnes at its Jamshedpur plant, which is slated to be completed by December 2010.
To mark the event, a groundbreaking ceremony was performed inside the work premises on Monday by B Muthuraman, MD, Tata Steel.
More significant, it is a sign of how much things have changed in the industry, a private sector and a state owned company — arch rivals till only a few years back — are planning to team up to address their critical raw material needs in the light of massive planned expansions by each of them. Together, the two companies are adding nearly 40 MT of capacity at an investment of over Rs 60,000 crore in the next 3-5 years.
Plans to expand Jamshedpur plant capacity:
Meanwhile Tata Steel kicks off its plans for an expansion of capacity to 10 million tonnes at its Jamshedpur plant, which is slated to be completed by December 2010. To mark the event, a groundbreaking ceremony was performed inside the work premises on Monday by B Muthuraman, managing director of Tata Steel. Also present on the occasion were chief operating officer (steel) HM Nerurkar, Tata Workers Union president Raghunth Pandey, vice-president (engineering services and projects) RP Singh, other senior officers of Tata Steel and office-bearers of Tata Workers Union.
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Speaking on the occasion, Mr Muthuraman said: “Though there are many challenges involved in this project, I am confident that the project will be managed efficiently. In December 2010, when the project will be completed, Jamshedpur will become the single-largest unit and one of the most modern plants in the world.”
“We must ensure that the progress of this project takes place in the safest manner,” Mr Pandey said. As part of the 10 mt expansion plan, a series of investments will be made to augment the mines, a 6 mt pellet plant, expansion of capacity at Hooghly Metcoke from 1.2 to 1.6 mtpa, upgradation of existing A-E furnaces, a new LD3 BOF shop, two single strand thin slab casters of 1.2 mtpa capacity each with 2.4 mtpa hot rolling facilities and augmentation of LD2 to 4 mtpa.
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