A subsidiary of Tata Steel, Tata Steel Mining Ltd. (TSML), plans to double its ferro chrome manufacturing capacity in India from the current 4.5 lakh tonnes per annum to 9 lakh tonnes per annum. TSML has already become India’s largest chrome ore mining company after acquiring Sukinda chromite mine, Saruabli chromite mine and Karmada chromite mine in Jharkhand via the government’s auction route.
The mines, with lease period of 50 years, have already become operational with an annual capacity of over 1.5 million tonnes. TSML acquired the three chromite mines in 2020 after earlier leases expired in March 31 last year. It first started its operation in the Sukinda mines in September last year following which it started operations of the Saurabil and Karmada mines in November last year transferring the leases from commercial to mining.
The company already has ferro chrome plants at Athagarh and Gopalpur in Orissa. Speaking to the media, DB Sundara Ramam, Vice President raw materials, Tata Steel said, “We will take the organic as well as the inorganic route to augment our ferro chrome manufacturing capacity in India. This will make TSML the top ferro chrome player in India and among the top-five globally”,
The steel major, Tata Steel, has decided to consolidate all its mining activities and realign its domestic business into four verticals namely steel products, downstream products, mining and infrastructure. The company is also working towards developing commercial mining opportunities besides developing its ferro alloys business.