19
Jun
15:35
Tata Steel raises fiscal-year capital expenditure plan
Tata Steel has raised its projected capital expenditure to INR 16,000 crore ($1.95 billion) for the fiscal year through March 2024 (FY24), the company informs in a note seen by Kallanish.
The projected capex is intended to be financed through internal accruals over the full year, the firm says. Of the total INR 16,000 crore, INR 10,000 crore is for Tata Steel’s standalone operations.
The Kalinganagar project will account for approximately 70% of the INR 10,…
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Very good overview of the weekly steel market.
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