Tata Steel's expansion pipeline supports favourable post-expansion outlook

Tata Steel is stacking up projects to take domestic capacity to 40 mtpa by 2030, with NINL expansion, downstream additions and pellet supplies, even as near-term steel prices stay weak

While steel prices continue to be under pressure, Tata Steel is looking at various moves to ensure domestic capacity expansion to 40 million tonnes per annum (mtpa) by 2030 from the current 26.6 mtpa.

 

The Board has granted in-principle approval for 4.8 mtpa capacity expansion at Neelachal Ispat Nigam (NINL) with ore requirements to be met from NINL’s captive Koira mine.

 

The Board has also approved funds for design and engineering of a 2.5 mtpa thin slab caster and rolling facility at Meramandali.

 

The company is also acquiring a majority stake in Thriveni Pellets (TPPL) for a cash consideration of