Tata Steel Processing and Distribution Limited (TSPDCL), formerly Tata Ryerson, and parent company Tata Steel, are in the process of finalising equipments and additional rolling capacity entailing investments in excess of Rs 500 crore.
Anand Sen, chairman TSPDCL said, the investment could increase and would depend on the contours of the plan. The investment would be made over a period of time and was likely to be shared by Tata Steel.
Sandipan Chakravortty said, post-acquisition of Ryerson Inc’s equity by Tata Steel in July 2009, the expansion of TSPDCL would be linked to Tata Steel’s growth plans. Tata Ryerson was formally renamed TSPDCL in January 2010. Tata Steel is in the process of increasing capacity at Jamshedpur from 6.8 million tonnes to 10 million tonnes and in the short-term to 16 million tonnes once the Kalinganagar plant went onstream.
Sen said, in the near term Tata Steel would have an additional 2.4 million tonnes of hot rolled material, of which one million tonne would have to be processed. However, TSPDCL was yet to make full use of its capacities. TSPDCL has facilities in Jamshedpur, Pune, Faridabad, Pantnagar and Tada. Plans had been firmed up to set up a facility at Sanand in the vendor park of Tata Motors.
