Tata steel to up manufacturing capacity 3-fold | business | Hindustan Times
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Tata steel to up manufacturing capacity 3-fold

Tata Steel will increase its manufacturing capacity in the country three-fold by 2012 to 21 million tonnes per annum from the current 7 million tonnes. HT reports.

business Updated: Aug 16, 2010 22:05 IST
HT Correspondent

Tata Steel will increase its manufacturing capacity in the country three-fold by 2012 to 21 million tonnes per annum (MTPA) from the current 7 million tonnes.

"After completion of the 3 million tonnes expansion project at Jamshedpur, the company's steel manufacturing capacity in Indian operations will enhance to 10 MTPA by 2012," said Ratan Tata, chairman, Tata Steel, at the recently-concluded annual general meeting of Tata Steel.

The company plans to invest R4,500 crore this fiscal followed by R7,000 crore in 2011-12 for various projects.

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