Punjab CM Shri Bhagwant Mann performs groundbreaking ceremony for Tata Steel’s upcoming Ludhiana EAF-based steel plant
Ludhiana, October 20, 2023
~ This is Tata Steel’s first low-carbon green steel plant in India; The Rs 2,600 cr plant to be commissioned by March 2025 ~
~ Plant to generate 500 direct employment and 2,000 indirect jobs ~
Tata Steel today held the groundbreaking ceremony for its upcoming 7,50,000 tonne per annum scrap-based electric arc furnace (EAF) plant in Ludhiana. Shri Bhagwant Mann, Hon’ble Chief Minister of Punjab and T. V. Narendran, CEO & MD, Tata Steel, performed the ceremony in the presence of senior government officials and Company representatives.
This is Tata Steel’s first low-carbon green steel plant in India. This new facility in Ludhiana represents a significant step in Tata Steel’s commitment to sustainable manufacturing and attaining Net Zero by 2045. It will have cutting-edge technology, including electric arc furnaces, which is energy-efficient and produce significantly lower carbon emissions compared to traditional steelmaking processes.
Ludhiana has been specifically selected given its proximity to the Hi-Tech Valley Industrial Park as well as an auto hub from where steel scrap can be sourced to produce long steel products for the market under the Company’a flagship Tata Tiscon brand.
T.V. Narendran, Chief Executive Officer & Managing Director, Tata Steel, said: “We are commencing a new journey of transition towards a more sustainable Electric Arc Furnace-based steel making, through which we will continue our pursuit of decarbonisation. This proposed new state-of-the-art facility in Ludhiana marks a significant stride in our commitment to sustainable manufacturing and achieving Net Zero by 2045.
I express my sincere gratitude to the Government of Punjab for their continuing support and collaboration in making this project possible. We hope to continue to work together to forge a sustainable and vibrant tomorrow.”
A capital expenditure of Rs 2,600 crore is being made in the first phase of the project. The Company plans to commission this project by March 2025. This plant would benefit the youths of Punjab, providing 500 of them with direct jobs and to another 2,000 by way of indirect employment.
In pursuit of achieving its Net Zero target and attaining leadership in sustainability, Tata Steel has made focussed interventions across the value chain and is committed towards reducing its carbon footprint in production and through the life cycle of the product. In 2021, Tata Steel also commissioned its first Steel Recycling Plant of 0.5 MnTPA capacity at Rohtak in Haryana. It is the first such state-of-the-art scrap processing facility in the country.
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About Tata Steel
- Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
- It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world.
- The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
- A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
- Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
- The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
- Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
- The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
- Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification.
- Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet’s India’s top 500 companies 2022, No. 1 brand in India in the Mining and Metals industry in Top 100 brand rankings for 2023 by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
- Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ – Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
Photographs: Management and Plant facilities
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