Tata Steel, the company that started steel production in the country, has done wonders again. The company has commissioned a state-of-the-art blast furnace in Kalinganagar, Odisha yesterday. The company claims that it is India's largest blast furnace. Under this project, the company has made a huge investment of Rs 27,000 crore there. With the start of this furnace, the production capacity of the Kalinganagar plant will increase from 3 million tonnes per annum (MMTPA) to 8 MTPA. This will now also have an impact on the shares of Tata Steel.

One lakh crore has been invested

Tata Steel CEO and MD T.V. Narendran also visited Kalinganagar on the occasion of the commissioning of this blast furnace. The company believes that the new blast furnace will greatly enhance the production capacity of the plant, enabling Tata Steel to effectively meet the growing demands of key industries such as automotive, infrastructure, power, shipbuilding and defence. With the Phase II expansion, Odisha has emerged as the largest investment hub for Tata Steel in India, where investments of more than Rs 1 lakh crore have been made during the last 10 years.

 

What is the capacity of blast furnace?

Tata Steel's new blast furnace has a volume of 5,870 cubic metres. It is equipped with state-of-the-art technology that will not only ensure uninterrupted operation for a long period but also make the steel production process more efficient with an environmentally friendly design. This furnace will use four top combustion stoves for the first time in India, ensuring optimum fuel consumption in hot metal production. Along with this, two preheating stoves have also been installed, which will further increase the efficiency.

Electricity will also be generated

For the first time in the history of Tata Steel, a dry gas cleaning plant has been installed in this unit, which will enable maximum energy recovery from the by-product gas. Also, this furnace has been fitted with the world's largest top gas recovery turbine (TRT) with a power generation capacity of 35 MW. This will help in recovering an additional 10% energy. Evaporative cooling system is being used for the first time in an Indian blast furnace, which will reduce water and power consumption by about 20% compared to conventional designs along with efficiently utilising the plant space.

unique in this case

Tata Steel Kalinganagar is the first manufacturing plant in India to be awarded the prestigious title of 'Global Lighthouse' by the World Economic Forum (WEF). This recognition not only testifies to excellence in production, but also reflects its leading role in technical innovation and digital transformation in the industry.

 

What is the share price of Tata Steel

Yesterday, i.e. on Friday, Tata Steel's share closed at Rs 152.05, up by Rs 2.45 or 1.64% on the BSE. In fact, last Thursday, this share closed at Rs 149.60. On Friday morning, it opened at Rs 151.15. During trading, it went up to Rs 153.25. It fell to Rs 150.80. In the evening, its closing price was Rs 152.05.