Business Standard reported that Tata Steel’s Kalinganagar unit has missed the steel production target for 2017-18. The unit has produced 2.5 million tonnes crude steel as against an output target of 2.7 million tonnes in the last fiscal. The shortfall in steel output is despite the unit achieving hot metal production of 2.9 million tonnes against the annual business plan target of 2.85 million tonnes.
It may be noted the Blast Furnace of the Kalinganagar plant was shut down for about three weeks beginning 29th January because of a technical snag. The loss of production due to the shutdown was estimated at around 0.15 million tonnes.
Tata Steel’s Kalinganagar unit went into production in November 2015 with a first phase capacity of 3 million tonnes. The company board last year has approved a plan to expand the plant capacity to 8 million tonnes at a cost of Rs 23.5 billion.
The Kalinganagar plant sold 2.35 million tonnes of steel in the market during FY18, according to a statement of the company. Its products are mostly catering to segments like Automotive sector, LPG manufactures, construction equipment manufacturers, tube makers, line pipe manufactures, pre-engineered building sector, coal rollers, it added.
Source : Business Standard