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TATA Steel Plans Double at Wires Unit by 2025

Steel News - Published on Tue, 22 Oct 2019

Image Source: moneycontrol.com
TATA Steel plans to more than double current capacity at its wires unit in India by 2025, in line with its overall roadmap to also grow its steelmaking volume. The unit, called Tata Steel Global Wires India, at present produces four lakh tonne of wires across its three units in the country. These units are present in Tarapore, Indore and Jamshedpur. The company now wants to increase capacity to 8 lakh tonne by 2025. As it expands capacity, the company also wants to increase its market share in the country to 23% by 2025 from the present 14%.

The wires are used across sectors such as auto, infrastructure and power. The Tata Steel unit has leadership position individually in these sectors. About 44% of the production goes into the retail sector; auto: 24%, infrastructure: 28% and power: 4%.

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Posted By : Rabi Wangkhem on Tue, 22 Oct 2019
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