TATA Steel has unveiled a consolidated Capital Expenditure (Capex) of Rs 16,000 Crore for its domestic and international operations in FY24. This planned expenditure includes Rs 10,000 Crore for the company’s standalone operations and Rs 2,000 Crore for its Indian subsidiaries. The funding for this Capex, as stated in the FY23 annual report, will be sourced from internal accruals throughout the year.
A significant portion of the allocated amount, around Rs 10,000 Crore, will be dedicated to Tata Steel’s standalone operations. Of this allocation, approximately 70% will be directed towards the Kalinga Nagar project, which involves expanding the capacity of the Odisha-based plant from 3 MT to 8 MT.
The remaining Indian subsidiaries, currently focused on expanding downstream operations to meet customer demands and enhance product mix, will have a Capex of approximately Rs 2,000 Crore.
In Europe, Tata Steel Nederland will invest Rs 1,100 Crore in the relining of its blast furnace, which is already underway. The remaining Capex will be primarily allocated to sustenance, environmental initiatives, and improvement projects.
Additionally, Tata Steel has been actively engaging in comprehensive discussions with the UK government regarding the future of its operations in the country.
Hey there! Do you know if they make any plugins to help with Search Engine Optimization? I’m
trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.
If you know of any please share. Cheers!
I saw similar article here: Wool product
Hello There. I found your blog using msn. That is a very well written article. I will make sure to bookmark it and return to read extra of your helpful info. Thanks for the post. I’ll certainly return.
Hiya! I know this is kinda off topic nevertheless I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog post or vice-versa? My website goes over a lot of the same topics as yours and I believe we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Excellent blog by the way!
I love the efforts you have put in this, regards for all the great posts.
I found your blog website on google and verify just a few of your early posts. Continue to keep up the very good operate. I simply further up your RSS feed to my MSN News Reader. Looking for forward to studying extra from you in a while!…
Woah! I’m really digging the template/theme of this website. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between usability and appearance. I must say you have done a very good job with this. Also, the blog loads very quick for me on Firefox. Superb Blog!