Tata Steel Group is planning to set up recycling steel plant in Rohtak in Haryana. The company has joined hands with Aarti Green Tech to implement the project. The new recycling plant will have a capacity of 0.5 million tpa and will be built on BOO (built, own and operate) model. The project cost is estimated at ₹ 1,500 million.
The plant is likely to go operational by the year end. The steel recycling business will help formalize the scrap market in India and help the country transition to a scrap-based steel making route in the long-term.
|Project Cost (in million)||₹1,500|
|Project Capacity||0.5 million tpa|
Company Profile : Tata Steel Ltd