Tata Steel Commissions ₹3,200 Crore Scrap-Based Steel Project in PunjabTata Steel Commissions ₹3,200 Crore Scrap-Based Steel Project in Punjab

Introduction

Leading integrated steel manufacturer commissions a ₹3,200 crore scrap-based Electric Arc Furnace plant at Hi-Tech Valley, Ludhiana, Punjab, with a capacity of 0.75 MTPA.

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Share price movement of Tata Steel

On March 23, 2026,Tata Steel Ltd opened at ₹192.95, down -1.91% from its previous close of ₹196.70. It reached a high of ₹193.35 (-1.70%) and a low of ₹187.15. By 4:00 PM, it traded at ₹188.71, a -4.06% decrease, with a market cap of ₹2,34,563.89 crore.

₹3,200 Cr EAF Plant Commissioned in Ludhiana

Tata Steel commissioned a ₹3,200 crore scrap-based Electric Arc Furnace plant at Hi-Tech Valley, Ludhiana, Punjab on March 20, 2026. Punjab Chief Minister Bhagwant Mann inaugurated the 115-acre facility, with Tata Steel Chairman N. Chandrasekaran and CEO & MD T V Narendran also present.

The 0.75 MTPA plant uses 100% steel scrap as raw material and targets CO₂ emissions below 0.3 tonnes per tonne of steel, operating on approximately 50% renewable energy. The facility is Tata Steel’s second-largest plant in India after Jamshedpur.

The plant will produce construction-grade steel rebar under the ‘Tata Tiscon’ brand. It will source 40% of its scrap from Tata Steel’s recycling plant in Rohtak, Haryana, and is expected to generate employment for approximately 3,300 people.

Stock performance of Tata Steel  for Period of 1 week, 6 months, and 1 year

Tata Steel Ltd delivered a 1-week return of 5.26%, a 6-month return of 14.0%, and a 1-year return of 25.1%.

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Expansion

Shareholding pattern of Tata Steel

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	33.20%	33.20%	33.20%
FII	17.50%	17.30%	17.20%
DII	27.60%	27.60%	26.70%
Public	21.70%	21.90%	22.80%

About Tata Steel

Tata Steel Ltd (NSE: TATASTEEL), established in 1907, is Asia’s first integrated private steel company, covering the complete value chain from mining to finished steel distribution across global markets.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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