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Tata Steel planning to invest Rs 8,000 crore in capex on India operations during FY22

30 Aug 2021 Evaluate

Tata Steel is planning to invest Rs 8,000 crore in capital expenditure on its India operations during the current financial year (FY22). The amount will be spent mainly towards completion of the expansion of the Kalinganagar plant, and expansion of mining operations and recycling business.

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.

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