TATA expected to complete brownfield expansion by mid 2011
Mumbai, Dec 10 (ANI): A study team that visited the TATA steel plant in Jamshedpur recently felt that if the company continued the same pace of development the brownfield expansion plant would be completed by mid 2011.
TATA a major steel industry started the Brownfield expansion in November 2008.
“Orders for the 2.9mtpa expansion have been given and the civil construction is about 50 percent complete. Given that construction is the time consuming stage of a brownfield expansion, it indicates that the project is on schedule for completion by mid 2011,” the Ambit capital felt.
Experts opined that Tata Steel may be able to execute the brownfield expansion far more quickly than the planned greenfield expansions, which have run into hurdles pertaining to land acquisition and permits.
The tight demand-supply conditions in the domestic steel market point to the need for such expansion; the capacity additions may place Tata Steel well to capitalise on the supply deficit. (ANI)
Related Posts
‘Bokaro plant will be India’s largest steel producer by 2012′
Union Steel Minister Virbhadra Singh Thursday said the Bokaro Steel Plant would become the largest steel producer of the country by 2011-12 after the completion of its expansion and modernisation programmes.
The Bokaro Steel Plant (BSP) expansion, undertaken... |
Centre assures to meet steel demand in the country
New Delhi, Dec 10 (ANI): Union Minister of State for Steel A Sai Pratap on Thursday said that steel demand in the country is being met both through domestic production and imports.
"The availability of steel in the domestic market is able to match... |
Tribals protest against Tata’s Chhattisgarh steel project
Bastar(Chhattisgarh), Nov 14(ANI): Hundreds of tribals, including women, in Chhattisgarh's Bastar district reiterated their opposition at a public hearing against a Tata steel plant project being set up in Bastar.
Tata Steel plans to invest Rs 195 billion... |
Tribals protest against Tata’s Chhattisgarh steel project
Bastar(Chhattisgarh), Nov 14(ANI): Hundreds of tribals, including women, in Chhattisgarh's Bastar district reiterated their opposition at a public hearing against a Tata steel plant project being set up in Bastar.
Tata Steel plans to invest Rs 195 billion... |
Bhilai plant wins trophy for best steel unit
Raipur, Nov 13 (IANS) Bhilai Steel Plant, the flagship unit of the state-run Steel Authority of India Ltd (SAIL), has won the 'Prime Minister's Trophy' for the best integrated steel plant in the country for two successive years.
'Proven as the best... |
Tata Steel, MMTC join hands for mining development
Kolkata, Oct 22 (IANS) Steel major Tata Steel Limited and MMTC Limited signed an agreement Thursday to establish a 74:26 joint venture company for acquiring, development and operation of mines and processing of minerals and metals, a statement said here.
'Steel... |
