Tata Steel’s Rs 17,000 crore for FY25, with about 75 per cent of it aimed at catering to a booming domestic demand
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Its CEO & MD T V Narendran said that from Rs 17,000 crore, about 75% which will be Rs 12,000 crore would be spend in India – mainly for the Kalinganagar project, they want to increase ongoing expansion at Kalinganagar.
“Steel intake (in india) is developing at round 10% and we count on that to retain for a few years to come,
The managing director and chief executive officer TV Narendran told that Electric Arc Furnace (EAF) project in Ludhiana will receive some of it, with the remainder going toward Europe. The Tata Group company anticipates that FY25 will surpass FY24 Narendran said.
