Tata steel cuts capex by $ 2 billion |
|
- TATA steel observes 171 birth anniversary of JN Tata
- India should stop iron ore export, says Tata Steel advisor
- Tata Power’s flagship “Energy Conservation” campaign crosses 7-lakh mark
- Tata Steel Flat product sales up 8%
- Tata Steel waits for revision of land acquisition act
- No headway for Tata-Gammon’s Jamshedpur SEZ
- Tata Steel saw an increase of 156% in profit Q3
- Nippon Steel and Tata Steel to form JV for automotive CR sheets
- Nippon Steel to make auto steel sheet in India with Tata
- Nippon Steel, Tata to Form India Venture as Car Demand Rises
- Construction for Tata's Orissa project within months
- Construction for Tata's Orissa project within months
- Tata Power Needs 240 Billion Rupees for Planned Projects
- Tata Steel sales rises by 49%
- Tata Steel reshuffles 8 top mgmt roles
Tata Steel Group will reduce its capital expenditure for the next two years by $2 billion as it faces up to lower earnings during the economic downturn, Tata Steel Group md B Muthuraman said. The group will press ahead with a planned brownfield expansion at its Jamshedpur works to 10 million tpy by 2011 and should be completed on time, he said. The company has not previously announced precise capex plans. Muthuraman said Tata, whose European subsidiary Corus may shed another 2,000 jobs, will focus spending on "value-creating assets with accelerated benefits". Greenfield projects planned in the Indian states of Chhatisgarh, Jharkand and Orissa are less likely to be pursued with the same vigour, analysts said. “We are working on the Orissa project and we...
http://www.metalbulletin.com/Article/2241828/Iron/Tata-steel-cuts-capex-by--2-billion-.html








Post new comment