Bhubaneswar, April 16: Tata Steel Mining Limited (TSML), is firming up plans for aggressive growth in its Ferrochrome manufacturing capacity in India.
TSML, formerly known as TS Alloys Limited and a 100 percent subsidiary of Tata Steel Limited, is planning to double ferrochrome production from 450,000 tonnes per annum at present to 900,000 tonnes per annum in the near future.
TSML had acquired three Chromite mines in the 2020 mineral auctions, namely Sukinda Chromite Mine, Saruabil Chromite Mine, and Kamarda Chromite Mine, for which leases were granted for 50 years.
TSML sources said the mines have now been operational with an annual capacity of over 1.5 million tonnes making the Company the largest player in Chrome ore mining in India.
The idea behind the initiative is to use the Chromite Ore optimally to make Ferro Chrome serve its growing base of Indian and global customers, who are in the business of manufacturing stainless steel.
Vice President Raw Materials, Tata Steel, and Chairperson, Tata Steel Mining Limited D B Sundara Ramam said the company will take the organic as well as the inorganic route to augment Ferrochrome manufacturing capacity in India, leveraging the strength of the good quality of Chrome Ore availability.
This will make TSML the top Ferrochrome player in India and among the top five globally, he said. (UNI)