Tata Steel to build greenfield unit of 3 MT capacity in Orissa: Report

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

14 Aug 2013 Evaluate

Tata Steel is reportedly planning to build greenfield unit of capacity of 3 MT in Orissa. Moreover, the company has raised 100 million pounds from sale of strategic assets in Europe. The company will not spend on non-strategic initiative. Further, the company is expecting to be self sufficient in Coke by 2014.

Meanwhile, the company has increased its volume target to 1.2 MT in India, while 11.6 MT in Europe.

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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