Tata Steel Ltd.

Tata Steel, world’s 6th largest steel company is likely to increase production of auto-grade steel by 20% to 1.2 million tonnes this fiscal, due to increased demand for steel from the auto sector. 

The company supplied one million tonnes of auto grade steel in 2010-11 and this year it’s aiming to touch 1.2 million tonnes. The company plans to increase capacity every year by 15-20% to meet the growing demand from the auto sector. The steelmaker expects to continue a similar capacity increase in auto steel across the next few years, while also starting operations at a new 0.6 million tonnes capacity joint venture plant with Japanese steelmaker Nippon for high strength auto steel by 2013.

In Indian automotive industry Tata Steel's supplies make up for over 40% of the domestic steel sourcing. The company has added a new 0.3 million tonnes cold rolling mill at Jamshedpur, it is also increasing the capacity of an existing mill from 1.5 million tonnes to 2.2 million tones.