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Tata Steel To Develop 40 New Product Applications At Kalinganagar Plant

Steel News - Published on Wed, 12 Jun 2019

Image Source: Business Standard
Rediff reported that reaffirming its focus on product innovation, Tata Steel plans to develop 40 new product grades at its steel project at Kalinganagar in Odisha in this financial year. The new products are designed primarily to tap into the requirements of automotive and oil & gas industries. Report quoted a Tata Steel source as saying that “One of the products we have developed is a specialized disc rim for wheels to cater to the automobile industry. Trials of the product have already begun at Tata Motors. Commercialization of the product is expected in six months. "We have also initiated talks with other auto OEMs like Maruti Suzuki and Toyota.”

Initially creating a capacity to produce 3 million tonnes per annum, Tata Steel is now in the midst of expanding the Kalinganagar plant's capacity to 8 million tonnes per annum, pledging a capital expenditure of INR 23,500 crore. The 5 million tonnes per annum brownfield expansion includes 2.2 million tonnes per annum cold rolling complex

The steel maker's focus on research and innovation has been continuous and unswerving. In Q4 of FY19, the steel monolith developed 17 products, commercializing four of them.

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Posted By : Ratan Singh on Wed, 12 Jun 2019
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