Tata Steel se­cures multi-mil­lion pound or­der from Siemens

Power Watch India - - DISPATCHES -

Tata Steel has bagged a multi-mil­lion pound or­der from en­gi­neer­ing gi­ant, Siemens Wind Power for sup­ply­ing of 25,000 tonnes of high qual­ity pro­filed steel plate for 150 wind tur­bine tow­ers. The or­der from Siemens comes at a time when Europe’s steel in­dus­try is strug­gling to cope with low de­mand amid eco­nomic un­cer­tainty in the euro zone. Tata Steel Europe, in par­tic­u­lar, has been hit se­verely by the cri­sis, with its gross earn­ings ( EBITDA) fall­ing by 42.8 per cent to $103 mil­lion in the June-septem­ber quar­ter of 2011. The or­der is the largest so far for its ded­i­cated wind tower site in Scun­thorpe, UK, which was es­tab­lished in 2010. The plant can de­liver up to 2,00,000 tonnes of steel plates an­nu­ally. It is in­formed that Tata Steel has al­ready sup­plied Siemens Wind Power with 6,000 tonnes of steel plate for sim­i­lar de­vel­op­ments in the UK and Europe. “De­mand for steel in the re­new­able en­ergy sec­tor will con­tinue to grow and we are ide­ally placed to help our cus­tomers tap into this im­por­tant op­por­tu­nity,” Mr. Phil Knowles, Tata Steel Com­mer­cial Man­ager for power gen­er­a­tion was quoted as say­ing.

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