| Work Detail |
Tata Steel, a prominent player in the steel industry, marked a significant milestone by holding the groundbreaking ceremony for its state-of-the-art 7.50 lakh tonne per annum scrap-based electric arc furnace (EAF) plant in Ludhiana. This pioneering venture, set to revolutionize the steel manufacturing landscape, will receive an initial investment of ?2,600 crore and is slated for commissioning by March 2025. Representing Tata Steels foray into low-carbon green steel production in India, this groundbreaking project aligns with the global commitment to reducing carbon emissions. The Ludhiana plant will incorporate cutting-edge technology, including electric arc furnaces, renowned for their energy efficiency and substantial reduction in carbon emissions compared to traditional steelmaking methods. Ludhiana was strategically chosen as the site for this groundbreaking endeavor due to its proximity to the Hi-Tech Valley Industrial Park and a bustling auto hub. This proximity ensures a seamless supply of steel scrap, which will be transformed into long steel products under the flagship Tata Tiscon brand. Tata Steels Managing Director, TV Narendran, expressed his enthusiasm for this forward-looking initiative, emphasizing that the Ludhiana facility marks a pivotal step in the companys pledge to sustainable manufacturing and the ambitious goal of achieving Net Zero emissions by 2045. Notably, the green steel plant in Ludhiana is set to provide employment opportunities for the local community, with an estimated 500 direct jobs and an additional 2,000 indirect jobs anticipated as the facility becomes fully operational. This development is expected to have a positive and lasting impact on the regions economic landscape. As Tata Steels journey towards sustainable steel production unfolds, the Ludhiana green steel plant serves as a shining example of industry innovation and commitment to a greener, more sustainable future. |
