logo
Tata Steel advances green steelmaking plans through major crane project

Tata Steel advances green steelmaking plans through major crane project

Tata Steel UK has taken another major step in its journey to produce green steel, with a new contract awarded to JASO Industrial Cranes, a leading manufacturer of process cranes globally.
As part of Tata Steel's 1.25 billion pound investment in sustainable steel production at Port Talbot in the UK, JASO will supply seven high-capacity process girder cranes to support the operation of the plant's Electric Arc Furnace (EAF) facility.
When fully operational in 2028, Tata Steel's Electric Arc Furnace will be one of the largest in the world and reduce the site's carbon emissions by 90 per cent - equivalent to five million tonnes of CO2 a year.
Key components of the contract with JASO Cranes include 500-tonne capacity cranes for handling liquid steel ladles, essential for the efficient operation of the new steelmaking facility, two 80-tonne scrap cranes to feed the Electric Arc Furnace via an integrated conveyor system, ensuring a steady supply of raw materials, and two 35-tonne cranes for electrode maintenance, supporting the ongoing operation of the plant's advanced equipment.
Stuart Lloyd, Project Manager for the Cranes Project, said: "We are excited to strengthen our longstanding partnership with JASO on this crucial part of our 1.25 billion pound transformation.
"Back in 2019, we worked with JASO to replace our 60-year-old North Charging Crane, which lifted hot metal ladles to charge the Steel Plant's converters with molten iron. We have built on the lessons learned from that project to help guide this exciting next phase of our green steelmaking journey," Lloyd said.
"These seven new, high-capacity process cranes will play a pivotal role in connecting different parts of our cutting-edge Electric Arc Furnace facility, enabling low-emission steel production in South Wales for many years to come." Raul Fernandez, Marketing and Sales Director at JASO Industrial Cranes said: "We are extremely proud to continue delivering cutting-edge engineering solutions for high-profile projects like this one in Port Talbot".
"This order marks both the largest and most impactful project in our company's history. It is truly a privilege to play a key role in the UK steel industry's transition to a stronger and more sustainable future." India-based Tata Steel owns the UK's largest steelworks of 3 million tonnes per annum (MTPA) at Port Talbot in South Wales and employs around 8,000 people across all its operations in that country.
As part of its efforts to reduce carbon emissions, the company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps….
Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps….

India.com

time22 minutes ago

  • India.com

Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps….

Home Business Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps…. Anil Ambani's BIG plan, this company plans to export defense of Rs 30000000000 by…, stock jumps…. Recently, Reliance Defence also announced a strategic partnership with Düsseldorf-based Rheinmetall AG. Anil Ambani (File) Reliance Infrastructure Ltd, an entity of Anil Ambani's Reliance Group, is trying to achieve exports worth Rs 3,000 crore from 155 mm ammunition and aggregates by the end of the 2027 fiscal year, according to a PTI report. This year, the company is projected to export Rs 1,500 crore in large-calibre ammunition. They have recorded exports of up to Rs 100 crore in artillery ammunition and aggregates, Reliance Infrastructure is planning to rank among India's top three defence equipment exporters, claim the same report. The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore. PTI told sources that Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. Reliance Power And Reliance Infra Shares On Friday, the share of Reliance Power closed at Rs 58.10 with a gain of 11.26%. At the same time, in the last one month, the company has given a return of more than 42%. Apart from this, the share of Reliance Infrastructure also closed at Rs 330.50 with a gain of 5.56% on Friday. In the last one month, the company has given a return of about 30%. When contacted, a Reliance Infrastructure spokesperson confirmed that the ammunition export is the key priority of the company as it develops Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra, with a capital outlay of Rs 5,000 crore. The company has been allotted 1,000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop DADC. It will be the largest greenfield project in the defence sector in India by any private sector company. The company is setting up an integrated explosives and ammunition manufacturing plant in DADC. The collaboration between the companies will include the supply of explosives and propellants for medium and large caliber ammunition to Rheinmetall by Reliance. Furthermore, the two companies intend to engage in joint marketing activities for selected products and aim to further extend their cooperation based on future opportunities. In order to support this collaboration, Reliance Defence will set up a greenfield manufacturing facility in Ratnagiri, Maharashtra. The manufacturing facility will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants. This new facility will help Reliance Defence achieve its objective of being amongst the top three defence exporters in the country. (With inputs from PTI) For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories

Trump's trade tantrum, and stock market: The ABCD strategy of investing
Trump's trade tantrum, and stock market: The ABCD strategy of investing

Business Standard

time24 minutes ago

  • Business Standard

Trump's trade tantrum, and stock market: The ABCD strategy of investing

For Indian retail investors, this is not a moment for fear but a moment for foresight, says Sandeep Walunj of Motilal Oswal Financial Services. premium Sandeep Walunj Mumbai Listen to This Article Trump's unpredictable and transactional approach to trade—especially with partners like India—could trigger short-term market volatility. But structural geopolitical trends, such as the potential US-India Free Trade Agreement (FTA), the India-EU FTA, the China+1 strategy, and evolving BRICS dynamics, are tilting the balance in India's favour. Even if Trump's return stirs disruption, Indian investors are better positioned today. Global resistance to US hegemony, rising inflation concerns in the US, and India's growing strategic autonomy act as counterweights. Navigating this terrain requires smart thinking across three horizons: short, medium, and long-term. SHORT TERM (0–6 months): Defensive, yet opportunistic

Nykaa shares drop despite strong Q4 performance
Nykaa shares drop despite strong Q4 performance

Time of India

time29 minutes ago

  • Time of India

Nykaa shares drop despite strong Q4 performance

Nykaa parent FSN E-commerce saw shares decline in early trade as Indian market opened with losses on Monday. The counter opened 2 per cent lower at Rs 199 against the previous closing of Rs 203.26 on the BSE. It was trading at Rs 201.26 as of 9:53 am. The beauty and fashion retailer posted strong March quarter numbers last Friday, with nearly doubling to Rs 19 crore. The Mumbai-based company's operating revenue rose 23.6 per cent year-on-year to Rs 2,016.7 crore for the fourth quarter, up from Rs 1,667.9 crore, driven by customer acquisition, brand partnerships, and network expansion. The performance was in line with the company's guidance issued in April, when it projected consolidated net revenue growth in the low to mid-20 per cent range for the March quarter. However, on a sequential basis, Nykaa's Q4 profit declined 29.3 per cent from Rs 26.9 crore reported in the previous quarter. Nykaa's beauty vertical, which contributes over 90 per cent of the company's total revenue, posted a 24.7 per cent YoY increase to Rs 1,895 crore from Rs 1,519 crore. The fashion segment saw muted growth, rising 11 per cent to Rs 161 crore from Rs 145 crore, with gross merchandise value (GMV) growing 18 per cent year-on-year. For the full fiscal year, Nykaa reported a consolidated gross merchandise value (GMV) – total value of goods sold across its platforms – of Rs 15,604 crore, a 25 per cent increase from the previous year. Nykaa currently serves 42 million customers and operates 237 offline stores across India, offering products from over 8,600 brands. In FY25 alone, the company added around 50 stores — its highest annual addition to date. "While BPC segment continues to deliver healthy growth with better profitability, revival in fashion business remains a key monitorable, given the heightened competitive intensity across the industry," said brokerages house Nuvama in a note on Monday. Nuvama analysts continue to expect improvement in profitability on the back of lower losses in fashion and eB2B segment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store