Tata Steel to ramp up Neelachal Ispat Nigam Ltd operation: N Chandrasekaran
- Jun 29, 2022, 01.45 PM
- DealMoney News Service
Tata Steel Chairman N Chandrasekaran reportedly said that the company will boost the operation of Neelachal Ispat Nigam Ltd to capacity of 1.1 million tonne per annum within the next one year.
"Post-acquisition, we will endeavour to ramp up the operations of NINL to its rated capacity of 1.1 million ton per annum within the next 1 year, subject to obtaining statutory clearances," Chandrasekaran said
Chandrasekaran added that the company made significant acquisitions during the year in areas of long products, mining.
The company will continue to reduce debt by around $ 1 bn a year, stated Chandrasekaran.
Chandrasekaran further reportedly said that the company plans to invest Rs 10,000 crore-Rs 12,000 crore a year on capital expenditure.
