As part of its commitment to a sustainable future, Tata Steel has commissioned its new 0.5 MnTPA steel recycling plant in Rohtak, Haryana. The factory was set up in collaboration with M / s Aarti Green Tech Ltd., as a “Build, Own, Operate” (BOO) partner. It is the first such facility in India, equipped with modern and mechanized equipment such as crusher, baler, handler, etc. Scrap metal would be purchased from various market segments such as end-of-life vehicles, obsolete households, construction and demolition, industrial etc., via a FerroHaat® App. The scrap would then be processed by mechanized equipment and the high quality processed scrap would be supplied for downstream steelmaking. Steel produced by the recycled route results in reduced carbon emissions, resource consumption and energy use.
Simultaneously, Tata Steel also launched two new brands – Tata FerroBaled® and Tata FerroShred® for baled and shredded scrap produced in its new plant. These products are high quality processed waste and they promise to provide the essential raw material for the Indian steel industry by making quality processed ferrous waste available and reducing dependence on imports.
Tata FerroBaled® and Tata FerroShred® promise high cleanliness, low contamination, high bulk density, less parasitic elements and no radioactivity. The products would come with test certificates, another first for the scrap metal industry, as well as value propositions such as higher efficiency, better productivity, lower conversion costs, transportation costs and lower handling and overall better quality.
Yogesh Bedi, Chief Steel Recycling Business, Tata Steel, said, “Steel can be recycled over and over again without losing its properties. From this point of view, steel scrap is a valuable resource and an important future raw material for steelmaking. Recycling of scrap metal ensures closure. of the circular economy loop. The brand names will give a distinct identity to the scrap metal being processed and ensure a standardized quality product for the customer and simultaneously raise the bar of the scrap metal industry.
Shares of TATA STEEL LIMITED were last trading in BSE at Rs. 1,503.55 from the previous close of Rs. 1,519.15. The total number of shares traded during the day was 869,298 in more than 23,745 trades.
The share hit an intraday high of Rs. 1,533.8 and an intraday low of 1,492.1. The net turnover during the day was Rs. 1316674374.