Tata Steel is planning to augment the capacity use of its European subsidiary
Corus to 100 per cent by the end of the current fiscal as the global demand for
steel products is on rise.
Currently, Corus has revived the utilisation of its mills to 80 per cent and
it is expected to touch 85 per cent by end-November 2009. In 2008, it had cut
production capacity of its mills by as much as 50 per cent amid the demand
slump. Corus produces about 20 million tpa of steel.
Meanwhile, Tata Steel's ongoing expansion projects are progressing as per
schedule. It is increasing the production capacity from 6.8 to 10 million tpa at
its Jamshedpur plant in Jharkhand at an estimated investment of Rs 12,000 crore.
The expansion project is scheduled to be ready by January-March 2010-11.
Also See:
Tata Steel,
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