Tata Steel has announced plans for a major expansion of its mining operations to address challenges in the global steel market. The company will increase the capacity of its OMQ (Ores, Mines, Quarries) division from 40 million tons to 55 million tons over the next five years.

This expansion, encompassing the Noamundi, Joda, and Katamati mines, will be supported by a Rs 10,000 crore investment in technology and logistics infrastructure. The initiative is expected to create approximately 1,200 new jobs.

Tata Steel GM (OMQ) Atul Bhatnagar confirmed Tata Steel's intention to participate in the 2030 Noamundi mine auction and bid in upcoming mine auctions across Odisha, Jharkhand, and Chhattisgarh.