Capital

Tata Steel plans Rs 16k cr capex for domestic, global operations – ET Infra

Tata Group’s steel manufacturing arm, Tata Steel, is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, reported PTI, citing the company’s CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee. The company has earmarked Rs 10,000 crore towards […]

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Detail-to-earnings ratio of steel cos to remain below 2 times: Crisil – ET Infra

Research firm Crisil Ratings on Monday said it expects the net debt-to-EBITDA ratio of domestic steel manufacturers to stay below the level of 2 times in the financial year 2023-24. The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23, Crisil

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Steel industry projects domestic demand to rise 7.5% in current fiscal – ET Infra

India’s domestic steel demand is estimated to grow annually by 7.5% to reach 128.85 million tonnes (mt) in the current financial year. According to estimates by the Indian Steel Association (ISA), domestic steel demand stood at 119.86 mt in fiscal 2022-23. Demand is expected to rise further by 6.3% to reach 136.97 mt in the

Steel industry projects domestic demand to rise 7.5% in current fiscal – ET Infra Read More »

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