Tata steel to grow organically, new acquisitions unlikely this decade: MD

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Last updated 10 novembro 2024

Tata steel to grow organically, new acquisitions unlikely this decade: MD

In Europe, Ukraine and Russia have also been large exporters, but owing to this war, they are also not in the market, he explained.Narendran said steel consumption will continue to grow in India, South East Asia and Africa, whereas demand in mature markets is likely to be sombre.India is fundamentally a good place to manufacture steel, he said, as it has iron ore, unlike most of the other big, steel-producing countries.
Tata Steel Ltd will look to grow organically and the steel giant is under ldquono pressurerdquo to look at fresh acquisitions during this decade Chief Executive Officer and Managing Director T V Narendran said Narendran said that the Jamshedpur-based behemoth will fuel its growth ambitions to more than double its output relying on organic growth at its existing sites