Tata Steel Aims to Double India Manufacturing Capacity, Enhancing Sustainability Goals

Tata Steel plans to double its manufacturing capacity in India from 21 MTPA to around 40 MTPA, enhancing its focus on sustainability. The company aims for Net Zero Carbon by 2045, with significant investments in low-CO2 steelmaking in the UK and substantial emission reduction targets in the Netherlands.

Tata Steel announced plans to double its manufacturing capacity in India, aiming to ramp up production from 21 million tonnes per annum (MTPA) to approximately 40 MTPA. The company largely operates in Jamshedpur, Gamharia, Kalinganagar, and Meramandali.

As the company approaches 40 MTPA, its share of India-manufactured steel will constitute over 75% of its total output, up from the current 62%. During its 117th Annual General Meeting, Tata Steel outlined its vision to achieve this through both organic and inorganic growth strategies.

Globally, Tata Steel has a crude steel capacity of 35 MTPA and aims to achieve Net Zero Carbon by 2045. The company reported a consolidated turnover of around USD 27.7 billion for the financial year ending in March 2024. It has major sustainability projects, including a Euro 1.25 billion investment in low-CO2 steelmaking in the UK, bolstered by a Euro 500 million grant from the UK government. In the Netherlands, it targets a 35-40% reduction in carbon emissions by 2030.