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"For (financial year) 2022, we have guided that our capex will be.Rs 3,000 crore for Europe. It is more for sustenance capex, environment related capex, capex on the product mix, enhancement that we are doing particularly in the Netherlands," T V Narendran told PTI.
Tata Steel has outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business "stronger", the company's CEO and Managing Director T V Narendran said. He made the remarks while responding to a question related to the company's strategy with respect to the Europe business, which Tata Steel could not sell earlier due to multiple
Tata Steel's focus is on the performance of European business. "We are not actively looking for any buyers. If you make the business stronger, that helps with the value of the business," CEO and Managing Director T V Narendran said