TC Web Desk
Tata Steel has signed a Memorandum of Understanding (MoU) with the Punjab government to set up a 0.75 million tonnes per annum (MNTPA) Long Products Steel Plant with a scrap-based electric arc furnace (EAF).
The initiative to set up a new facility at Kadiana Khurd, Hitech Valley, Ludhiana, Punjab is part of Tata Steel’s commitment to invest in a circular economy and shift to low-carbon steel making through recycled steel. The move is in line with the company’s goal of achieving net zero carbon emissions by 2045.
The state-of-the-art electric arc furnace-based steel mill will produce construction-grade steel rebar under the company’s flagship brand, Tata Tiscon, enabling Tata Steel to further expand its presence in the construction market.
“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,” T. V. Narendran, Chief Executive Officer & Managing Director, Tata Steel said.
Last August, Tata Steel commissioned its first steel recycling plant with a capacity of 0.5 MnTPA in Rohtak, Haryana. This is the country’s first state-of-the-art scrap processing plant.
