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.

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.

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"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.