Tata Steel plans to raise Rs 10,000 crore of debt to finance the expansion of its Jamshedpur plant and part-pay debt its at Corus Plc, its UK-based business. The company will invest a total of Rs 13,000 crore to expand its steel production capacity from 6.8 mn tonne to 10 mn tonne by September 2011. The company also plans to use Rs 2,200 crore to reduce debt at Corus.
Contact: Tata Steel Tel: 022- 6665 8282. Fax: 022- 6665 8113. Website: www.tatasteel.com