Tata Steel awards major upgrade project to local firm Systems Group
Tata Steel has selected Systems Group for a major project. The Welsh firm will refurbish continuous casters at Port Talbot. This upgrade is part of Tata Steel UK's green transition. The project extends the life of casters for low CO2 steelmaking. A new electric arc furnace will be commissioned by 2027. This will significantly reduce carbon emissions at Port Talbot.
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Business Standard
11 hours ago
- Business Standard
Tata Steel awards major upgrade project to local firm Systems Group
Tata Steel has awarded a major contract to Welsh engineering firm Systems Group for the first phase of the refurbishment of its two continuous casters in Port Talbot, South Wales in the UK, a statement said on Tuesday. Systems Group, based in Maesteg, will carry out critical structural work and pipework replacement on Port Talbot's two continuous casters an essential part of the steelmaking process, turning liquid steel from the Electric Arc Furnace into solid steel slabs. The scheme is a key part of Tata Steel UK's GBP 1.25 billion transition to greener steelmaking. The life-extension of the continuous casters will support the journey to sustainable low CO2 steelmaking as the business prepares for the commissioning of a new electric arc furnace (EAF) by the end of 2027. Once operational, the EAF is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO2 per year. Ryan O'Neill, Managing Director at Systems Group, said: "We are delighted to have been awarded this important contract by Tata Steel. As a local company, we are proud to play a role in helping secure the future of steelmaking in South Wales. This project not only supports the region's economy but also helps deliver cutting-edge, low-carbon steel production, the official said. Ian Ellis, Engineering Project Manager at Tata Steel and lead on the caster life-extension, said: This is a hugely important project for Port Talbot and for Tata Steel's future in the UK ... This work will ensure our existing casters are in the very best condition to handle steel from our new electric arc furnace in the volumes and qualities demanded by our customers." Following the appointment of Systems Group, Tata Steel expects to award further contracts in the coming months for additional electrical, mechanical and process control system upgrades.
Time of India
12 hours ago
- Time of India
Tata Steel awards major upgrade project to local firm Systems Group
Synopsis Tata Steel has selected Systems Group for a major project. The Welsh firm will refurbish continuous casters at Port Talbot. This upgrade is part of Tata Steel UK's green transition. The project extends the life of casters for low CO2 steelmaking. A new electric arc furnace will be commissioned by 2027. This will significantly reduce carbon emissions at Port Talbot.
India.com
2 days ago
- India.com
Bad news for Noel Tata, gets show cause notice in Rs 10000000000 over…, company says…
Tata Steel announced on Sunday that it has received a show cause-cum-demand (SCN) notice from tax authorities regarding an 'alleged irregularity' in availing input tax credit exceeding Rs 1,000 crore during the financial years 2019 to 2023. According to the notice received on Saturday, the steel major is required to show cause before the Additional/ Joint Commissioner of Central GST & Central Excise, Jamshedpur, Jharkhand within 30 days 'as to why the Goods and Service Tax (GST), amounting to Rs 1007,54,83,342 for the period FY2018-19 through FY2022-23 shall not be demanded and recovered from the company', Tata Steel said in a stock exchange filing. The notice, issued by the Office of the Commissioner (Audit), Central Tax, Ranchi, on June 27, said the input tax credit was availed in contravention of the provisions of Section 74(1) of the Central Goods and Services Tax Act, 2017/State Goods and Services Act, 2017 (CGST/SGST) read with Section 20 Integrated Goods and Services Tax Act, 2017. The company said it has already paid a GST of Rs 514,19,36,211 in the normal course of business. 'The above GST amount is proposed to be appropriated in the notice and therefore alleged GST exposure is Rs 493,35,47,131 only,' the filing said. The company said it believes that the notice 'has no merits and the company shall make its submissions before the appropriate forum within the given timelines'. 'There is no impact on financial, operational, or other activities of the company, arising from the said SCN,' it added. Under GST norms, enterprises are allowed credits in input tax on purchases meant for outputs, which they can claim in the form of deductions in their tax liabilities. (With Inputs From PTI)
