Tata Steel will not incur additional impairment charges due to the transformation of its UK operations into cleaner manufacturing. Managing Director TV Narendran believes that the UK transition, backed by a £500 million government contribution, will cost structure by £100-150 per tonne post-transition Negotiations with the UK government will provide benchmark for Dutch discussions.
"Sanghi Industries will be a debt-free company after the takeover. Ambuja and ACC combined had a cash balance of roughly Rs 11,800 crore as of Q1. This year, we would be adding another Rs 3,000 crore of free cash after capex, tax and dividends. With the Sanghi Industries acquisition, we would be looking to end this financial year with close to Rs 11,000 crore of cash," said Karan Adani.
When we talk about expansion, clearly, our primary focus is value added products and import substitution. I ve already said that one of the good ways of going green is to reduce the thickness of steel and go for higher strength but thinner steel. For example, for an automobile, it will reduce the fuel consumption as you reduce the weight of the steel used.