Tata Steel to focus on automobiles, BPRS after Kalinganagar expansion

Tata Steel has pledged a capital expenditure of Rs 23,500 crore on scaling up capacity of the Kalinganagar project from three million tonnes per annum to eight million tonnes per annum

After ramping up its Kalinganagar project in Odisha, Tata Steel is planning to tweak the product mix in favour of automobiles and branded products, and retail & solutions (BPRS) segments.

The share of the automobile segment is set to rise from 13 per cent to 23 per cent post phase-II expansion. The automobile segment is also projected to grab 23 per cent share, from 13 per cent at present. The downstream segment, which has no presence at Tata Steel's Kalinganagar operations at present, is expected to account for five per cent share in the total product mix after the expansion