Tata Steel plans to beat volatility with wider value-added product basket

A ramp-up in steel capacity at Kalinaganagar helped Tata Steel clock a 6-fold jump in sales in new sub-segments like pre-engineered buildings, construction & projects and oil & gas, in Apr-Sep FY18

Tata Steel aims to overcome the volatility in steel business by widening the portfolio of its value-added products.

In the April-September period of 2017-18, Tata Steel clocked a six-fold jump in sales in new sub-segments like pre-engineered buildings (PEB), lifting & excavation (L&E), construction & projects and oil & gas, on the back of a ramp-up in steel capacity at its greenfield Kalinaganagar project in Odisha.

After achieving the ramp-up to three million tonnes at Kalinganagar, Tata Steel has gained an entry into the PEB segment and also conducted successful trials, besides starting supplies to global leaders in the L&E