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Tata Steel to raise Bhushan production

After acquiring debt-laden Bhushan Steel through the insolvency and bankruptcy process, Tata Steel is now aiming to raise its production to 4 million tonne (MT) by the end of the current fiscal, an official said.

Bhushan Steel’s Odisha plant is presently operating at 3.5 MT against a capacity of 5 MT, the official said.

Robust demand

“The Bhushan plant in Odisha has a capacity of 5 MT but is currently operating at 3.5 MT. We are working to raise the production at least to a level of 4 MT a year by March 2019 as demand remains robust,” the official, who is part of the new team installed by Tata Steel in the company, told PTI. The Bhushan Steel plant is located close to Tata Steel’s Kalinganagar facility where it has a three MT capacity.

The official said the Kalinganagar plant expansion is on track despite Bhushan’s takeover at Rs. 36,000 crore.

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