Tata Steel aims to increase its capacity to at least 30-million
tonnes by 2015.
executives say that they are discussing their production
target for the next 10 years, and are looking at a 30-mt
capacity by 2015. Till now, the company had been looking
at capacities of 15 million tonnes, to be achieved by
2010. These capacities were to be added at an investment
of Rs25,000 crore.
present, its annual production is seven million tonnes
with the Jamshedpur plant producing five million tonnes.
The acquisition of Singapore-based NatSteel has also increased
its capacity by two million tonnes. NatSteel has six plants
in Asia and Australia.
officials said that Indian companies must step up capacity
to stave off competition from China, which might produce
500-million tonnes steel by 2015, and would have the potential
to swamp the domestic market. The officials said that
new capacity addition will be dispersed among many countries.
company is currently eyeing a gas-based plant in Iran
and is also in talks with Bangladesh. NatSteel has provided
Tata steel with access to Malaysia, Thailand, Vietnam,
the Phillipines, Australia and China.
Tata Steel is also augmenting capacities at Jamshedpur,
while its new
facilities are in various stages of development in Orissa
and Chhattisgarh. These three eastern states put together
have the bulk of domestic iron ore reserves.