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08 Jul
08:56

Tata Steel eyes 40mt capacity in India

Tata Steel foresees India to account for 73% of its global steel production over the next decade. The company is ramping up its Indian production capacity from the existing 20 million tonnes/year to 40m t/y by 2030, says chief executive T V Narendran. With the recent development in the Indian state of Odisha (see Kallanish passim), the steel giant is eyeing to buy Neelachal Ispat Nigam and is evaluating Rashtriya Ispat Nigam, in which the government plans to sell …
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