India’s Tata Steel has not seen much impact due to the global “tariff war”, Chief Executive T.V. Narendran said on Thursday.
The company expects to complete the deal to buy Usha Martin within the next six months, he said, adding that the company’s debt to EBITDA ratio remains unchanged.Tata Steel keen on acquiring Bhushan Power for the price at which they bid, he said.
The company expects global steel prices to stabilise soon and sees steel imports from Turkey and Ukraine, Narendran said. Read More
Latest posts by Financial Express (see all)
- Oil short-selling jumps in record streak as faith in OPEC wanes - November 17, 2018
- GVK Power gets approval to raise Rs 8,000 crore for debt repayment - November 17, 2018
- Data drive: Energy demand growing the fastest in India - November 17, 2018