The steel maker has decided that it would go for "unified branding' for products coming from the taken-over assets only after they are upgraded and matched with its quality, he added
Tata Steel
"We are now at 18.5 million tonne. With expansions and new capacities, we expect to reach 30 million tonne capacity by 2025 in India," company's President (TQM and Steel business) Anand Sen said.
The company executed definitive agreements for acquisition of the steel business of debt-ridden Usha Martin for a cash consideration between Rs 4,300-4,700 crore.
However, these projections are based on current expansions on the existing plants and the projects including taken-over assets. Taking into European operations of the company, the steel major has the total capacity of 27.5 mtpa.
About the newly acquired Bhushan Steel, Sen said the company was evaluating the amount of capital expenditure required for the asset. "The capex would be in the range of Rs 500-1,000 crore to achieve the rated capacity," he said.
The steel maker has decided that it would go for "unified branding' for products coming from the taken-over assets only after they are upgraded and matched with its quality, he added.
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