~ Launches two new brands – Tata FerroBaled® and Tata FerroShred® for its Baled & Shredded Ferrous Scrap produced ~
~ Steel Recycling Business is a Green Step by a Global Citizen ~
New Delhi, August 18, 2021: As part of its commitment to a sustainable tomorrow, Tata Steel has commissioned its new 0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana. The plant has been 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 & mechanized equipment such as Shredder, Baler, Material Handler, etc. The scrap would be procured from various market segments such as end-of-life vehicles, obsolete households, construction & demolition, industrial, etc., through an App FerroHaat®. The scrap would then be processed through mechanized equipment and the high-quality processed scrap would be supplied for downstream steel making. Steel produced through the recycled route entails lower carbon emissions, resource consumption & energy utilization.
Simultaneously, Tata Steel has also launched two new brands – Tata FerroBaled® and Tata FerroShred® for the baled & shredded ferrous scrap produced in its new facility. These products are high-quality processed scrap & they promise to provide the much-needed raw material fillip to the Indian steel industry by making available quality processed ferrous scrap and reducing the dependency on imports.
Both Tata FerroBaled® & Tata FerroShred® promise high cleanliness, low contamination, high bulk density, lower tramp elements & no radioactivity. The products would be accompanied with Test Certificates, another first for the scrap industry, along with value propositions like higher yield, better productivity, lower conversion costs, lower transportation & handling costs, and overall better quality.
“Steel can be recycled again & again without losing its properties. From that perspective, Steel Scrap is a valuable resource and an important future Raw Material for steel making. Recycling scrap ensures the closure of the Circular Economy loop. The Brand names will give a distinct identity to the processed scrap and ensure a standardized quality product for the customer and simultaneously raise the bar of the scrap Industry.”
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.
A Great Place to Work-CertifiedTM organization, Tata Steel Ltd., together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2020, received a rating of ‘A-‘ (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
To know more, visit www.tatasteel.com and www.wealsomaketomorrow.com.
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Statements in this press release describing the Company’s performance may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.