Tata Steel, the flagship company of the Tata Group, would be adding 3 million tonnes (MT) of production capacity at its Jamshedpur steel plant by 2013-14, thereby taking its total domestic steel making capacity to 10 MT. The company, at present, has a total capacity of 7 MT, which is 3 MT of long and 4 MT of flat products-- at the Jamshedpur plant.
Post-expansion, the company's capacity to produce flat products will increase to 7 MT, while long production capacity will remain unchanged. Further, the company is also ramping up the capacity gradually and has commissioned 1 MT flat products capacity this year.
Furthermore, the company is planning to invest more than £1.5 billion in its European operations till 2015-16 to spruce up its existing equipment and bring out new products, among others. It aims to make Tata Steel Europe an all-weather company with these investments, coupled with a series of other measures including layoffs and production cut. As it want Tata Steel Europe to sustain and withstand a much worse condition than the current one.
