Tata Steel has signed a memorandum of understanding (MOU) with the Punjab government, to set up a 0.75 Mt/year steel product plant with a scrap-based electric arc furnace (EAF).

The MOU was signed in the presence of Shri Bhagwant Mann, the chief minister of Punjab.

The initiative to set up greenfield facilities at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab, according to a company press release, is part of Tata Steel’s commitment to ‘invest in a circular economy and shift to low-carbon steel manufacturing through route steel recycling.’

The state-of-the-art EAF-based steel mill will produce construction-grade steel rebar under the company’s flagship retail brand ‘Tata Tiscon’.

“I am sure that Punjabi youth will benefit from the job opportunities this project generates.”

Shri Bhagwant Mann, chief minister of Punjab

Shri Bhagwant Mann, chief minister of Punjab, said: “It is my pleasure to welcome the Tata Group to the state of Punjab. Tata Group’s investment in the steel sector in Punjab will boost industrial growth in the state. This is a proud moment for Punjab. My government gives full support to make this venture a resounding success. I am sure that Punjabi youth will benefit from the job opportunities this project generates.”

”Steel produced through recycling requires lower resource consumption and lower carbon emissions, which strengthens our commitment to reduce the environmental impact of our operations.”

TV Narendran, chief executive officer and managing director, Tata Steel

TV Narendran, chief executive officer and managing director, Tata Steel, said: “I would like to thank the Punjab government for their support of our ambitious greenfield project in the state. Punjab is an ideal location for our electric arc furnace given its proximity to markets and auto scrap producing hubs. Steel produced through recycling requires lower resource consumption and lower carbon emissions, which strengthens our commitment to reducing the environmental impact of our operations. We see good long-term growth potential for steelmaking via the scrap pipeline in India, if an effective and simplified scrap collection policy is established and implemented.”

To accelerate efforts to ensure product sustainability, Tata Steel utilizes the Life Cycle Assessment (LCA) tool to understand and improve the environmental performance of its products. In 2021-22, Tata Steel became the first steel reinforcement manufacturer to receive GreenPro certification for Tata Tiscon’s TMT rebar. The company has also issued its first Environmental Product Declaration (EPD) for reinforcement used in Reinforced Cement Concrete (RCC) construction. In Europe, the company has produced more than 50 Environmental Product Declarations (EPDs) for its construction sector customers.



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