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Mr TV Narendran Speaks On Capacity Addition

Steel News - Published on Wed, 19 Jun 2019

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Mr TV Narendran, CEO & MD of Tata Steel, in an interview with ETNOW while answering to “For Tata Steel, the India target is about 30 million tonne by 2025. What are you doing with that mix of organic and inorganic routes?” said that “All the investments that we talked about have already been done or are ongoing, I do not think we are going to do anything major beyond what we have announced, at least for the next three, four years. Basically, last year, we completed the Bhushan acquisition towards the end of last year and in the early part of this financial year, we completed the Usha Martin acquisition and we are midway through the Kalinganagar expansion.”

He said “With all these, with Bhushan Steel integration, Usha Martin integration and the Kalinganagar expansions we will be at around 24-25 million tonnes over the next three, four years. Thereafter we will see how the market is, how our balance sheet is and decide between 2022 and 2025 what is it that we need to do.”

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Posted By : Ratan Singh on Wed, 19 Jun 2019
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