<p> </p> <p>Tata Steel India, one of the largest steel producers in the country, has recently announced its plan to invest $1.18 billion in its iron ore mines in the Noamundi, Joda, and Katamati regions. This investment aims to increase its annual production from 40 million tons to 55 million tons. The announcement was made in a statement published by Steel Orbis. Atul Bhatnagar, CEO of the company’s Mining and Geology (OMQ) division, stated, "Tata Steel is prepared to respond to global challenges in the steel sector and achieve this goal by strengthening its raw material base and upgrading its operations." He also noted that the company plans to participate in upcoming mining auctions in three states, including Odisha, and is in the process of registering two technologies related to mineral extraction. Between April and December 2024 (the first nine months of the 2024/2025 fiscal year), Tata Steel increased its steel production in India by 5% compared to the previous year, reaching 16.2 million tons. Deliveries also increased by 5.9% year-over-year, reaching 15.3 million tons, with domestic deliveries rising by 4%. According to Tata Steel India’s report, GMK Center increased its steel production by 4% in the fiscal year 2023-2024 (ending in March 2024), setting a record of 20.8 million tons. Steel deliveries for this period also rose by 6% compared to the previous year, reaching 19.9 million tons, surpassing last year's record. At the same time, deliveries to the domestic market increased by 9% due to growing demand for steel in India and a flexible business model. With this investment and development plans, Tata Steel aims to strengthen its position in the global steel market and meet the growing demands of the industry in India.</p>