Tata Steel plans 50% capacity expansion to boost market leadership
after close1 source ↓written by the desknot a recommendation
- capacity
- 50%
- at Neelachal Ispat
- 4.8 million tonnes
- capacity
- 6 million tonnes
Tata Steel is set to increase its domestic production capacity by nearly 50%, adding 4.8 million tonnes at Neelachal Ispat Nigam Ltd, raising total capacity to nearly 6 million tonnes. This expansion aims to sustain its market leadership amid a growing steel market, despite current price pressures affecting earnings. 📈
Not investment advice. For informational purposes only.