Tata Steel will not expand Jamshedpur plant: TV Narendran

Investments in subsidiary companies to continue: MD

Jamshedpur, Jan 2: Tata Steel will continue to invest in Jamshedpur but will not expand the company’s Jamshedpur plant. Steel major will continue with its investment in subsidiary companies including Tinplate, ISWP, Tata Steel Long Products, etc, said TV Narendran, MD and CEO, Tata Steel.

Talking to the media on the sidelines of New Year cake cutting celebration at Centre for Excellence (CFE) on Monday, Narendran said, “Jamshedpur is important for Tata Steel and with the plant situated in the heart of the city and there is no room for expansion of company’s mother plant.”

The last three years have been extraordinary and TMH played important role in those challenging times, hopefully, the worst of Covid is behind us, the managing director said.

He informed, “The year 2022 has been a roller coaster ride. The year began on a positive note, however, the threat posed by Omicron proved to be challenging for the company. Thankfully it had little impact on the country. The company will continue to expand despite challenges of fresh occurrence of Covid in China. The employees of Tata Steel are working hard to ensure that the company is profitable and sustainable and we would also urge the citizens of Jamshedpur to play their part to help the city.”

He said that the expansion plans of Tata Steel’s Bhushan Steel, Nilanchal Steel, Long Product, Kalinganagar plant will come to fruition.

Answering queries from the media, the managing director said that the company provides job opportunities and makes appointments of 500 to 2000 persons every year.

Narendran further said that India can do what China did in terms of economy and become a leader in the next 20 to 30 years.

Millions jobs seekers pass out of college every year and we need more job creators, he added.  

Throwing light on the path ahead for Tata Steel in the new calendar year, the managing director said that the steel major would continue to do its work to protect the environment and serve the community.