After 100 years of leadership position, Tata Steel will soon be ousted from being the largest private steel making capacity in India.
According to Sheshagiri Rao, Director - Finance, JSW Steel: “The next phase of our capacity expansion will include 2.8 mt to be commissioned in September-October. This will take our production capacity from 4.8 mt to 7.8 mt in India."
Tata Steel is currently the top private producer at 7 mt a year while others stacking up at less than 5 mt a year. But the dynamics will soon change with JSW adding 2.8 mt next month. But the big question is does it rattle the Tatas?
"I can't comment on what others are doing. I can tell you what we are doing. We came from 3 mt from 2000 to 7 today and plans to take it from 7 to 10 are there and we have already placed orders," said B Muthuraman, MD, Tata Steel.
Sajjan Jindal will still have to compete as the two firms are neck to neck in terms of production. Tatas are still estimated to produce 5.8 mt in FY’09 compared to 5.5 mt by Jindals.
It has taken Tata Steel a 100 years to reach this towering height and now the fast and furious JSW steel is overtaking the Tatas in India. but there is much more to Tata Steel globally which still is left to be conquered by any Indian steel company.