Tata Steel seems to be closing in on Sajjan Jindal-promoted JSW Steel and, with a bit of luck in the National Company Law Tribunal (NCLT), could become the country’s largest steelmaker for the first time. Just a week ago, the Tata group company was declared a successful resolution applicant by the committee of creditors (CoC) of Bhushan Steel for buying out its stressed assets. The decision is yet to be cleared by the NCLT.
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa. That is
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa. That is