Tata Steel, one of India’s leading steelmakers, is taking strategic steps to secure iron ore supply in line with plans to increase its steel production capacity from 22 million tons per annum (MTPA) to 40 million tons by 2030. In this context, the company is in cooperation talks with state-owned miners NMDC and Odisha Mining Corporation (OMC) and is preparing to commission new iron ore mines.
As the licences of its four existing mines (Noamundi, Katamati, Khondbond and Joda East) are set to expire in March 2030, Tata Steel has taken action to manage this process without any disruption. The company plans to commission the Kalamang West mine by the end of fiscal 2025 and Gandalpada by 2029. The combined reserves of these two mines are expected to be around 400 million tons, meeting half of Tata Steel’s iron ore needs.
Tata Steel is also leveraging its acquisitions to bolster raw material security. Mines acquired through the takeover of NINL and Usha Martin’s steel businesses will remain operational, contributing to its production goals. The company produced 38 million tons of iron ore in FY24 and aims to increase this to 41 million tons in FY25, aligning with its steel production target of over 60 million tons of iron ore annually by 2030.
Tata Steel is also in close cooperation with NMDC and OMC for additional iron ore supply and aims to meet its needs with the support from these companies.
Tata Steel's robust raw material strategy complements its recent capacity expansions, including the commissioning of India’s largest blast furnace at the Kalinganagar plant in Odisha, positioning the company to cater to growing demand across industries like automotive, infrastructure, and defence.
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