Tata Steel will proceed with its £1.25 Billion investment to build a state-of-the-art Electric Arc Furnace in Port Talbot and commence closure of the existing heavy end assets in the following months.
After claiming last week that Tata Sons listing was imminent, reports now say an IPO is improbable in near future and the company is exploring other options to adhere to RBI norms
Tata Group recently recorded a market capitalisation of $365 billion, which is more than Rs 3020000 crore, surpassing the GDP of Pakistan, Ukraine, and dozens of other countries.