PINAKI MAJUMDAR
Jamshedpur, Aug 29: Tata Steel has entered into a Memorandum of Understanding (MoU) with the Punjab government for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF) in that state.
Company officials said here today that the MoU was recently signed in the presence of Bhagwant Mann, chief minister of Punjab.
This initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel’s commitment to investing in a circular economy and transitioning to low-carbon steelmaking through the steel recycling route.
It is a step aligned with the company’s goal of achieving Net Zero carbon emission by 2045.
The state-of-the-art EAF-based steel plant would produce construction-grade steel rebar under the Company’s flagship retail brand ‘Tata Tiscon’, which would enable Tata Steel to further augment its market presence in the construction segment.
T. V. Narendran, chief executive officer and managing director, Tata Steel, said: “I would like to thank the government of Punjab for their support towards our ambitious greenfield project in the state. Punjab is an ideal location for our electric arc furnace given its proximity to the market and scrap-generating auto hub. Steel produced through the recycled route entails lower resource consumption and lower carbon emissions, which reinforces our commitment to reducing the environmental impact of our operations. We see a good long-term potential of growth for steel making through scrap route in India if effective and simplified scrap collection policies are made and implemented.”
In August 2021, Tata Steel commissioned its first steel recycling plant of 0.5 MnTPA capacity at Rohtak in Haryana. It is the first such state-of-the-art scrap processing facility in the country.
In pursuit of achieving its net-zero ambition and attaining leadership in sustainability, Tata Steel has made focused interventions across the value chain and is committed to reducing its carbon footprint in production and through the life cycle of the product.
To accelerate its efforts in ensuring product sustainability, Tata Steel is leveraging Life Cycle Assessment (LCA) tool effectively to understand and improve the environmental performance of its products.
In FY 2021-22, Tata Steel became the first steel rebar manufacturing company to receive GreenPro certification for its Tata Tiscon TMT rebars.
The company has also published its first Environmental Product Declaration (EPD) for Steel Reinforcing bar (Rebar) used in Reinforced Cement Concrete (RCC) construction.
In Europe, the company has produced over 50 Environmental Product Declarations (EPDs) for its construction sector customers – a milestone in environmental impact transparency and reporting.
