Tata Steel to source iron ore from OMC for feeding Kalinganagar plant

The firm is examining feasibility of clinching a long-term pact with OMC to secure iron ore

As its greenfield unit at Kalingangar ramps up operations to reach its rated capacity of three million tonnes, Tata Steel is looking at multiple options to secure uninterrupted iron ore supplies.

Recently, Tata Steel announced its hot metal production at Kalinganagar crossed the two million tonne mark. In the first phase, the steel company is aiming to reach production of three million tonne per annum (mtpa).

Besides sourcing ore from its captive mines, Tata Steel has been buying iron ore from the merchant miners. It has participated on and off at the electronic auctions of iron ore conducted by the state owned