Tata Steel to build EAF-based steel plant in Ludhiana
Tata Steel announced plans to set up a steel scrap based electric arc furnace steel plant (EAF-based steel plant) in Ludhiana, Punjab with a capacity of 0.75 million tonnes per annum.
In this connection, the Indian steel manufacturing company has signed a memorandum of understanding (MoU) with the Punjab government in the presence of the state’s Chief Minister Bhagwant Mann.
Bhagwant Mann said: “It is with immense pleasure that I welcome the Tata Group to the State of Punjab. The investment by the Tata Group in the Steel Sector in Punjab will boost industrial growth in the State.
“This is a proud moment for Punjab. My Government extends full support to make this venture a great success. I am confident that the youth of Punjab will benefit from the employment opportunities generated by this project.”
Tata Steel to build EAF-based steel plant in Ludhiana. Photo courtesy of Multi Hero/Wikipedia.org
The greenfield long products steel plant with a scrap-based electric arc furnace will be built at Kadiana Khurd, Hitech Valley.
According to Tata Steel, the EAF-based steel plant in Ludhiana will produce construction grade steel rebar under its flagship retail brand — Tata Tiscon. The new steel factory in Punjab is expected to help Tata Steel further augment its market footprint in the construction segment.
T. V. Narendran — Tata Steel CEO and Managing Director, commenting on the EAF-based steel plant in Ludhiana, said: “Punjab is an ideal location for our electric arc furnace given its proximity to the market and scrap generating Auto hub.
“Steel produced through the recycled route entails lower resource consumption and lower carbon emissions, which reinforces our commitment to reducing the environmental impact of our operations.
“We see a good long-term potential of growth for steel making through scrap route in India, if effective and simplified scrap collection policies are made and implemented.”
In August 2021, Tata Steel began operations at its first steel recycling plant, located in Rohtak, Haryana, and having a capacity of 0.5 million tonnes per annum.