Tata Steel has signed a memorandum of understanding (MOU) with the government of Punjab, for setting up a 0.75 Mt/yr long products steel plant with a scrap-based electric arc furnace (EAF).
The MOU was signed in the presence of Shri Bhagwant Mann, chief minister of Punjab.
The initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is, according to the company’s press release, part of Tata Steel’s commitment to ‘investing in a circular economy and transitioning to low-carbon steelmaking through the steel recycling route.’
The state-of-the art EAF-based steel plant will produce construction grade steel rebar under the company’s flagship retail brand ‘Tata Tiscon’.
''I am confident that the youth of Punjab will benefit from the employment opportunities generated by this project.”
Shri Bhagwant Mann, chief minister of Punjab
Shri Bhagwant Mann, chief minister of Punjab, said: “It is with immense pleasure that I welcome the Tata Group to the state of Punjab. The investment by the Tata Group in the steel sector in Punjab will boost industrial growth in the state. This is a proud moment for Punjab. My government extends full support to make this venture a great success. I am confident that the youth of Punjab will benefit from the employment opportunities generated by this project.”
''Steel produced through the recycled route entails lower resource consumption and lower carbon emissions, which reinforces our commitment to reducing the environmental impact of our operations.''
T. V. Narendran, chief executive officer and managing director, Tata Steel
T. V. Narendran, chief executive officer and managing director, Tata Steel, said: “I would like to thank the government of Punjab for their support towards our ambitious greenfield project in the state. Punjab is an ideal location for our electric arc furnace given its proximity to the market and scrap generating auto hub. Steel produced through the recycled route entails lower resource consumption and lower carbon emissions, which reinforces our commitment to reducing the environmental impact of our operations. We see a good long-term potential of growth for steel making through scrap route in India, if effective and simplified scrap collection policies are made and implemented."
To accelerate its efforts in ensuring product sustainability, Tata Steel is leveraging its Life Cycle Assessment (LCA) tool to understand and improve the environmental performance of its products. In 2021-22, Tata Steel became the first steel rebar manufacturing company to receive GreenPro certification for its Tata Tiscon TMT rebars. The company has also published its first Environmental Product Declaration (EPD) for rebar used in Reinforced Cement Concrete (RCC) construction. In Europe, the company has produced over 50 Environmental Product Declarations (EPDs) for its construction sector customers.
