Tata Steel - Capacity Expansion To Drive Growth: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Tata Steel Ltd. is all set to capitalise the vast growth in domestic steel demand amid rapid expansion in the infrastructure, construction, and automobile sector. We believe Tata Steel is adding capacity at the right time to capture the robust growth journey. Tata Steel is one of the largest and cost-efficient steel manufacturers with strong raw material security, which ensures adequate and timely supply of raw materials. With multiple iron mines in India and Canada, Tata Steel's entire iron ore requirement is met by its captive mines. Tata Steel is also enhancing its iron ore mining capacity from 36 mt to 60-65 mt , which will ensure adequate iron ore requirement for expanded capacity. The company offers a wide gamut of flat and long steel products with emphasis on value-added products catering to sectors such as automobile, retail, packaging, construction, energy, consumer durables, and engineering.Globally, steel prices have been under pressure, on the back of lower demand from the USA and Europe and lower-than-expected pickup from China..Click on the attachment to read the full report:.Jindal Stainless - Transient Decline Provides Fresh Opportunity: ICICI Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Steel - Capacity Expansion To Drive Growth: Motilal Oswal

Tata Steel is doubling its domestic capacity to 40 million tonne from 21 mt by FY30.

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