Tata Steel Investment: Tata Steel raising INR 3,000 crore through NCDs, investing £1.25 billion in Port Talbot plant to build EAF and shutting down two blast furnaces.
Tata Steel | Tata Steel's Q4 profit plunges 64.59 per cent to Rs 554.56 crore compared with Rs 1,566.24 crore in Q4FY23 telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Additionally, Tata Steel announced that it will convert debt instruments valued at $565 million (Rs 4,661 crore) held in its Singapore subsidiary into equity shares. Both the capital infusion and the debt-to-equity conversion are planned to be completed within this fiscal year.