Tata Steel has achieved a steel making production of 2 MnT at its greenfield project at Kalinganagar in the eastern state of Odisha. This feat has been achieved by the steel company in 133 days from its production level of 1 MnT.
Tata Steel says it has the largest operating blast furnace of the country with 4330 cubic metre capacity at Kalinganagar. The blast furnace achieved the first MnT production of hot metal on October 9, 2016.
It took about 133 days to reach 2 MnT production from one million tonne. The second million tonne was achieved at a production rate of 7520 tonne per day, which is at an operating rate of 2.8 MnT per annum.
After starting commercial production in May 2016, the state-of-the-art steel plant has achieved several operational milestones. Besides, it has also started exports of HR (hot rolled) coil and Tata Ferro-shots to various countries. Tata Steel continues to uphold the high standards of sustainable practice even as it achieves production records.
In its third quarter results for this fiscal, Tata Steel had announced that its growth was also driven by Kalinganagar steel plant that crossed 1.5 MnT of hot metal and 1 MnT of hot rolled coil production since commissioning in May 2016.
The company’s operating profit on a consolidated basis shot up 322.16 per cent to INR 3,539 crore and margin expanded by 880 basis points to 12 percent year-on-year, on the back of supportive realizations, strong growth in deliveries and ramp-up of the Kalinganagar plant.
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