30
Aug
14:22
Tata eyes $1.09 billion investment in capacity expansion
Tata Steel plans to invest INR 8,000 crore ($1.09 billion) into the existing capacity expansion project at its Kalinganagar plant, Odisha, and on the expansion of mining operations and its recycling business.
The company intends to expand Kalinganagar plant capacity by 3 million tonnes/year to 8m t/y, Kallanish notes. “A lot of it – from INR 8,000 – will be going towards Kalinganagar expansion,” says Tata Steel chief executive T V Narendran…
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Anonymous
Very good overview of the weekly steel market.
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