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| 11 May, 2021, 02:33 AM IST | E-Paper
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    More confident now in rolling out brownfield expansion plans: Tata Steel MD TV Narendran

    Tata Steel MD TV Narendran.

    Synopsis

    Not just that, the company will use the current steel supercycle to reduce its debt further, this year. "We stay committed to our goal of reducing debt by at least a billion dollars a year," Narendran said.

    Mumbai: Tata Steel has planned a Capex of Rs 11,000 crore for FY 22, out of which around 70% has been allocated for the expansion of its India operations. Being one of the biggest beneficiaries of record high steel prices in the market, The company’s managing director, TV Narendran in an interaction with ET’s Bhavya Dilipkumar and Satish John said Tata Steel is more confident now in rolling out brownfield expansion plans, and look at steel
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