The plant, which boasts of the largest operating blast furnace in the country with 4,330 cubic metre capacity, was commissioned on February 28, 2016. The blast furnace achieved the first million tonne production of hot metal on October 9, 2016.
It took about 133 days to get to two million tonnes of output from one million. The second million tonne milestone was achieved at a production rate of 7,520 tonnes a day, or 2.8 million tonnes a year.
Subsequent to the commencement of commercial production in May 2016, the state-of-the-art steel plant has achieved several operational milestones. Besides, it has also started exports of HR (hot-rolled) coil and Tata Ferro-shots.
In the third quarter results of FY17, Tata Steel had announced that its growth was also driven by Kalinganagar steel plant, which crossed 1.5 million tonnes of hot metal and one million tonne of hot-rolled coil production since commissioning in May 2016. The company's operating profit on a consolidated basis shot up 322.16 per cent to Rs 3,539 crore and margin expanded by 880 basis points to 12 per cent year-on-year, on the back of supportive realisations, strong growth in deliveries and ramp-up of the Kalinganagar plant.
Tata Steel had originally envisaged a six million tonne steel plant at Kalinganagar of which three million tonne capacity is coming up in the first phase.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in