Tata Steel will spend an estimated USD 1.18 billion to increase iron ore production from a production capacity of 40 million metric tonnes to 55 million metric tonnes.
May 02, 2025
Tata Steel will spend an estimated USD 1.18 billion to increase iron ore production in Noamundi, Joda and Katamati iron ore up from a production capacity of 40 million metric tonnes to 55 million metric tonnes, as per the company’s statement.
The company is ramping up the production to meet the global challenges in the steel sector such as robust raw material availability and operational modernization. Tata steel is also expected to bid for the upcoming mining auction in Odisha , Jharkhand and Chattisgarh.
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The company will also patent two mining technologies that consist of segregating large boulders after blasting and high speed imaging camera to insect dumper loads. With these new advancements and acquisitions, Tata will come up as the key player in the iron ore production and iron demands.
