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Tata Steel plans capex of Rs 12,000 crore during FY23

18 Jul 2022 Evaluate

Tata Steel has planned capital expenditure (capex) of Rs 12,000 crore during the current financial year (FY23), of which Rs 8,500 crore in India and Rs 3,500 crore on 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.

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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