Stay updated with breaking news from Kalinganagar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NINL's 1-million-tonne plant at Kalinganagar in Odisha is currently less efficient as compared to other steel-producing locations within the group, and the company is looking to align its efficiency with the rest, Ashish Anupam, vice president for long products at Tata Steel, told ET in an interaction. "While we have started production, there are a lot of areas where cost efficiencies are yet to be taken out, and that is what the team is driving now," Anupam said.
Tata Steel reports Q3 revenues of ₹59,490 crore, with EBITDA of ₹6,122 crore. Profit after tax is ₹525 crore. India's revenues at ₹34,901 crore, EBITDA at ₹7,514 crore. Tata Steel Kalinganagar expanding capacity by 5 MTPA, including construction of largest blast furnace in India.
NINL, a 1.1-million tonne steel manufacturing unit in Odisha, has reached 100 per cent capacity utilisation within one year of its acquisition by Tata Steel.
“Overlooking its own block where its plant is coming up, Tata Steel is exposing its mindset that it is anti-locals and has no concern for the affected people.”