The Business Bytes
TBB BUREAU
NEW DELHI, AUGUST 18, 2021
As part of its commitment to a sustainable tomorrow, Tata Steel has commissioned its new 0.5 Mn TPA Steel Recycling Plant at Rohtak, Haryana. The plant has been set up in collaboration with Aarti Green Tech Ltd., as a ‘Build, Own, Operate’ (BOO) partner.
It is the first such facility in India, equipped with modern and mechanised 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 mechanised 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 and energy utilisation.
Simultaneously, Tata Steel has also launched two new brands – Tata Ferro Baled 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 Indian steel industry by making available quality processed ferrous scrap and reducing the dependency on imports.
Both Tata FerroBaled and 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 a 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 standardised quality product for the customer and simultaneously raise the bar of the scrap Industry,” said Yogesh Bedi, Chief Steel Recycling Business, Tata Steel.
“This initiative was the vision of our CEO & MD, T V Narendran, and we are excited to see its culmination,” he added.
