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N Chandrasekaran has adopted a two-pronged strategy for Tata Steel: Make European operations sustainable and grow the Indian business aggressively. With Tata Steel Europe transferred to a 50:50 joint venture (JV) with Thyssenkrupp, Tata Steel will put its energy behind growth in the domestic market.
In the next five years, Tata Steel has a target of doubling capacity in India through a mix of organic and inorganic options. Its Kalinganagar (Odisha) plant would take up the second phase of expansion and Jamshedpur will increase capacity by de-bottlenecking.
For Europe, acquired in 2007 for $12 billion, the way forward is to
