Jamshedpur: Tata Steel is working out global benchmark in employee productivity for Kalinganagar Steel Plant in Odisha.
“The company intends to set a benchmark on employee productivity”, said the Tata Steel Tata Steel CEO and managing director, T V Narendran adding, ” We are expected to achieve 2000 tonnes per employee productivity at Kalinganagar when it achieves 8 million tonnes capacity.
Currently, the South Korean steel major Posco has set a benchmark globally with 2,000 tonnes per employee productivity.
Stating that the work on the second phase of the plant has begun, he said Tata Steel would invest Rs 23,000 crore in it and the work is expected to be completed in 48-month time.
Narendran said Tata Steel s Kalinganagar project in Odisha has performed well, both in terms of quality and quantity, and has enough potential for further improvement.
Tata Steel has registered a growth of 11 per cent after it achieved highest-ever annual sales of 12.13 million tonnes in FY’18, as per provisional data.
The company has achieved a production of 12.26 million tonnes in 2017-18 as against 11.35 million tonnes in the year-ago period.
The annual sales of 12.13 million tonnes was against 10.97 million tonnes it achieved last year.
The company has also achieved best-ever annual sales in automotive sector, registering a growth of 21 per cent in the FY18 against an industry growth of 14 per cent (mainly driven by 2-wheelers and 3-wheelers).
Tata Steel has bid for Electrosteel, Bhusan Steel and Bhusan Power. While it has bid successfully for Bhusan Steel, it was yet to receive any intimation from banks about Electrosteel and Bhusan power.