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Tata Steel’s JV inaugurates Rs 2,750 crore ‘Continuous Annealing & Processing Line’

02 Sep 2014 Evaluate

Tata Steel’s JV - Jamshedpur Continuous Annealing and Processing Company (JCAPCPL) has inaugurated its Continuous Annealing & Processing Line, a 600,000 tonnes per annum facility for manufacturing ‘Automotive Grade Continuous Annealed Products’ at Steelennium Hall inside Tata Steel’s Jamshedpur Works. JCAPCPL is a 51:49 Joint Venture (JV) between Tata Steel and NSSMC respectively.

JCAPCPL has set up India’s first Continuous Annealing & Processing Line that will produce 600,000 tonnes per annum of high-quality cold rolled sheets exclusively for the automotive industry, including outer panels and high tensile sheets.

While Tata Steel has developed the infrastructure for the project, NSSMC has provided the equipment and state-of-the-art technology. The project has been set up at a capital investment of about Rs 2,750 crore. JCAPCPL will source steel from Tata Steel.

Through the JV, both Tata Steel and NSSMC are expected to respond appropriately to the increasing demand of Indian automakers for high-grade, high-quality automotive steel sheets.

Tata Steel Share Price

182.70 -1.55 (-0.84%)
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Company Name CMP
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Steel Authority 161.55
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