India’s Tata Steel has announced a US$1.18 billion investment to expand iron ore production across its Noamundi, Joda, and Katamati mines, aiming to boost annual output from 40 million tons to 55 million tons. The company’s General Manager for Ores, Mines & Quarries (OMQ), Atul Bhatnagar, emphasized Tata Steel’s commitment to strengthening its raw material base and modernizing operations to stay competitive in the evolving steel industry.
To secure future reserves, Tata Steel intends to participate in the upcoming 2030 mining rights auctions in Odisha, Jharkhand, and Chhattisgarh. Additionally, the company expects to commence mining operations at two sites in Sundargarh, Odisha, within the next two years, ensuring long-term resource availability amid shifting global steel demand.
Tata Steel is also advancing innovation in mining technology. The company has applied for two patents—one for a system to separate boulders post-blasting and another utilizing high-speed imaging cameras to inspect dumper loads. These initiatives reflect Tata Steel’s broader strategy to enhance operational efficiency and sustainability as it navigates the complexities of global steel production and supply chain dynamics.
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[1] India’s Tata Steel plans to invest $1.18 billion to expand iron ore production https://yieh.com/en/indias-tata-steel-plans-to-invest-118-billion-to-expand-iron-ore-production/154335