Tata Steel is reportedly eyeing to reduce its consolidated debt of Rs 83,014 crore and achieving sustainable European operations are going to be the key challenges.
Moreover, the company is working on expansion in India and leverage on the ample talent pool within the company. In this regards, the company has lined up a capital expenditure of Rs 7,000 crore for this fiscal, largely to ramp up production at newly commissioned plant at Kalinganagar.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
