By Bizodisha Bureau, Bhubaneswar, September 30, 2018: Tata Steel has set a target to up its production to 4 million tonne (MT) at Bhushan Steel’s plant in the state by the end of the current fiscal, an official said.

Tata steel recently acquired debt-laden Bhushan Steel through the insolvency and bankruptcy process. The plant is presently operating at 3.5 MT against a capacity of 5 MT.

The Bhushan plant in Odisha has a capacity of 5 MT but is currently operating at 3.5 MT. We are working to raise the production at least to a level of 4 MT a year by March 2019 as demand remains robust,” the official, who is part of the new

The Bhushan Steel plant is located close to Tata Steel’s Kalinganagar facility where it has a 3 MT capacity.

Incidentally as safety and environment of the Bhushan Steel plant is not satisfactory, Tata Steel plans to strengthen to bring it to the latter’s internal standards.

The new plant will follow Tata Steel’s strategy of not just being a steel producer but a service company with extensive use of technology.

Tata Steel had earlier said there was a lot of synergies in taking over Bhushan Steel.

Tata Steel took almost a decade to build 3 MT plant at Kalinganagar while the takeover of Bhushan Steel offered the steel major a readily available 5 MT plant, boosting its flat products.