Tata Steel signs MOU for EAF-based steel plant

Tata Steel signs MOU for EAF-based steel plant

Tata Steel has signed a memorandum of understanding (MOU) with the government of Punjab, for setting up a 0.75 Mt/yr long products steel plant with a scrap-based electric arc furnace (EAF).

The MOU was signed in the presence of Shri Bhagwant Mann, chief minister of Punjab.

The initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is, according to the company’s press release, part of Tata Steel’s commitment to ‘investing in a circular economy and transitioning to low-carbon steelmaking through the steel recycling route.’

Shri Bhagwant Mann, chief minister of Punjab, said: “It is with immense pleasure that I welcome the Tata Group to the state of Punjab. The investment by the Tata Group in the steel sector in Punjab will boost industrial growth in the state. This is a proud moment for Punjab."

"My government extends full support to make this venture a great success. I am confident that the youth of Punjab will benefit from the employment opportunities generated by this project.”

Read more from Steel Times International

Date posted 08/09/2022


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