09
May
11:14
Tata prefers growing organically over acquisitions this decade
Tata Steel aims to expand the capacity through organic growth at its existing facilities to grow its steel production capacity to 40-50 million tonnes/year through 2030, from the existing 20m t/y, it says. It doesn’t need to acquire new assets to reach its production goals, Kallanish notes.
"Most of our growth in the last few years has been through the inorganic route (acquisitions),” Tata Steel ceo and managing director TV Narendran informed loca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous