India Steel Demand Set To Outpace GDP Growth, Says Tata Steel's TV Narendran

Tata Steel Ltd. plans to invest Rs 16,000 crore capex in FY25, with a major focus on expanding Kalinganagar and decarbonising operations in the UK, according to Chief Executive Officer and Managing Director TV Narendran."75% of this investment will be allocated in India," he said.Tata Steel reported a decline in net profit for the fourth quarter of fiscal 2024, missing analysts' estimates. The steel supplier and manufacturer's net pr...