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Tata Steel to invest big in India and Europe operations
In India, the focus will be on the Kalinganagar project expansion and mining activity, and in Europe, it will be focused on sustenance, product mix enrichment, and environment-related capex. The company is in the process of expanding the capacity of its plant in Kalinganagar, Odisha to 8 MT from 3 MT.
In addition to this, Tata Steel will be spending about Rs 12,000 crore on inorganic growth in India in the NINL acquisition.
Tata Steel through its wholly-owned subsidiary Tata Steel Long Products Limited (TSLP), completed the acquisition of Odisha-based one Million Tonne Per Annum (MTPA) steel mill NINL for a considerable amount of Rs 12,000 crore.
Also read:
Tata Steel: India’s Most Admired Construction Brand
Welspun Corp and Tata Steel enter a green energy partnership
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