Tata Steel Ltd.

Tata Steel has received approval for raising funds through issue of debt securities of up to Rs 12,000 crore in the form of Non-Convertible Debentures (NCDs) on private placement basis in one or more tranches. The funds will be primarily deployed towards CAPEX, repayment of debt and general corporate purposes. The Board of Directors of the company at their meeting held on August 13, 2018, approved the same.

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.