Tata Steel initiates trial for hydrogen gas injection in blast furnace at Jamshedpur Works

Tata Steel initiates trial for hydrogen gas injection in blast furnace at Jamshedpur Works

by 5paisa Research Team Last Updated: Apr 25, 2023 - 04:14 pm 831 Views
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The trial has the potential to reduce around 7-10% in CO2 emissions per ton of crude steel produced 

Commencing the trial injection of hydrogen gas 

Tata Steel has commenced the trial injection of hydrogen gas using 40% of the injection systems in the ‘E’ Blast Furnace at its Jamshedpur Works. This is the first time in the world that such a large quantity of hydrogen gas is being continuously injected into a blast furnace.

The trial started on April 23, 2023, and is expected to continue for 4-5 days continuously. It will provide valuable insights into operating blast furnaces with greener fuel injections, reducing fossil fuel consumption and subsequent CO2 emissions from the blast furnace. The endeavour is aligned with the Company’s vision of becoming Net Zero by 2045.

The trial has the potential to reduce the coke rate by 10%, translating into around 7-10% reduction in CO2 emissions per ton of crude steel produced. The successful completion of this trial will demonstrate Tata Steel's capability to design, fabricate and commission the injection system, develop and establish necessary general and process safety protocols, and provide process control insight for pure hydrogen injection into the blast furnace. 

Stock price movement 

On Tuesday, the stock opened at Rs 106.50 and touched a high and low of Rs 107.60 and Rs 106.25 respectively. The BSE group 'A' stock of face value Rs 1 touched a 52-week high and low of Rs 133.00 and Rs 82.71, respectively. Last one week high and low of the scrip stood at Rs 110.40 and Rs 105.35 respectively. The current market cap of the company is Rs 1,30,630.82 crore.   

The promoters holding in the company stood at 33.90%, while Institutions and Non-Institutions held 41.65% and 23.72% respectively. 

Company Profile 

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products.

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