Tata Steel board approves rights issue to raise Rs12,800 crore2 min read . Updated: 20 Dec 2017, 07:47 AM IST
Tata Steel says its board has also given the nod for Rs23,500 capex plan to expand production capacity of its Kalinganagar plant by 5 MTPA to 8 MTPA
Mumbai: Tata Steel Ltd on Tuesday said its board had approved a Rs23,500-crore capital expenditure plan to expand the capacity of its Kalinganagar facility by 5 million tonnes per annum (MTPA) to 8 MTPA. The board also approved a rights issue of Rs12,800 crore, parts of which would fund this expansion.
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