Tata Steel has entered a memorandum of understanding (MoU) on 26 August 2022 with the government of Punjab for setting up a 0.75 million tpa long products steel plant with a scrap-based electric arc furnace (EAF).
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.
The state-of-the art EAF-based steel plant will produce construction grade steel rebar under the company’s flagship retail brand Tata Tiscon.
In August 2021, the company commissioned its first steel recycling plant of 0.5 million tpa capacity at Rohtak in Haryana. It is the first such state-of-the-art scrap processing facility in the country.