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【Ferro-alloys.com】: Indian steelmaker Tata Steel will spend approximately $1.18 billion on its Noamundi, Joda and Katamati iron ore mines to increase its total annual production to 55 million tons from the current 40 million tons. 

“Tata Steel is preparing to meet the global challenges in the steel sector by strengthening its raw material base and modernizing operations,” said Atul Bhatnagar, CEO of the company’s Ores, Mines and Quarries (OMQ).

According to him, the company will also participate in the upcoming mining auctions in three states, including Odisha. In addition, Atul Bhatnagar said that the company is in the process of patenting two technologies related to mining.

Tata Steel increased its steel production in India by 5% year-on-year – to 16.2 million tons in April-December 2024 (9 months of FY2024/2025). Supplies in the period increased by 5.9% y/y – to 15.3 million tons, while domestic supplies increased by 4%.

• [Editor:Alakay]