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Tata Steel eyes companies in NCLT list for long products expansion

No plans to put up integrated steel plants, says MD & CEO

Tata Steel eyes companies in NCLT list for long products expansion
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Aditi Divekar Mumbai
With a growing market share in the domestic flat steel segment, Tata Steel is eyeing firms facing insolvency under the National Company Law Tribunal (NCLT) to strengthen its long products portfolio. “We will grow in the long products business via the inorganic route and the NCLT is one place which we will be watching for good asset buys in longs,” said T V Narendran, managing director (MD) and chief executive officer (CEO) of Tata Steel.

Both of Tata Steel’s recent acquisitions — Bhushan Steel and Usha Martin — were through the NCLT. While Bhushan Steel’s is flat steel products business, the

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First Published: Apr 29 2019 | 9:23 PM IST

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