Tata Steel has
announced that it would enhance its overall steel capacity to 15
million tpa by 2010, from the present level of around 4 million
tpa.
The Jamshedpur works
is expected to have a capacity to 7 million tpa by 2010. The
balance would be distributed at coastal locations in India and at
least one overseas location. The company is studying the
feasibility of setting up overseas units in China, Singapore,
Malaysia, Vietnam and Ukraine.
Within India, Tata Steel is
examining the viability of a steel unit at Dhamra, where it plans
to set up a minor port in partnership with Larsen & Toubro.
Indicating that Orissa was a good location as any for a new steel
plant, Muthuraman said the port at Dhamra would handle existing
Tata Steel cargo as well as steel export shipments.
Tata Steel and L&T will invest
Rs 1,400 crore in the first phase of the port project to build a
facility in three years to handle around 13 million tonnes of
cargo.
To enhance its fuel and coke
supply, Tata Steel will invest Rs 350 crore in the first phase to
set up a 600,000 tonnes per annum coke over battery at Haldia in
West Bengal.