Tata Steel Ltd.

Tata Steel is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year. Of the planned amount, the company has earmarked Rs 10,000 crore towards standalone operations and Rs 2,000 crore for its subsidiaries in India.

The projected capital expenditure for FY2023-24 is set at Rs 16,000 crore on a consolidated basis which is intended to be financed through internal accruals over the full year. Of this, Rs 10,000 crore has been earmarked towards Tata Steel Standalone operations of which the Kalinganagar project will account for approximately 70 per cent. The company is in process of expanding capacity of its plant at Kalinganagar, in Odisha to 8 MT from 3 MT. 

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.