InvestorQ : Can you tell me about the proposed Rs.8,000 crore capex of Tata Steel?
Mitali Bhutta made post

Can you tell me about the proposed Rs.8,000 crore capex of Tata Steel?

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3 months ago
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Tata Steel CEO, TV Narendran, has confirmed that the company will invest Rs.8,000 crore in FY22 towards expansion of its Kalinganagar plant in Odisha as well as well as recycling steel. This is over and above the Rs.3,000 crore to be invested in Tata Steel European operations. Tata Steel is expanding the capacity of its Kalinganagar plant by 5 million tonnes per annum. Tata Steel has already commissioned its first steel recycling plant at Rohtak in Haryana.

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