Tata Steel is planning a capital expenditure of Rs.120 billion on its India and Europe operations during the current financial year.
The domestic steel major plans to invest Rs.85 billion in India and Rs.35 billion in the company's operations in Europe. In India, the focus will be on the Kalinganagar project expansion and mining activity, and in Europe, it will be focused on sustenance, product mix enrichment, and environment-related capex. The company is in the process of expanding the capacity of its plant in Kalinganagar, Odisha to 8 MT from 3 MT.
Contact: Tata Steel
Website: www.tatasteel.com
