Tata Steel plans to raise funds

Tata Steel on Monday said its Board of Directors in its meeting this week would consider a proposal for raising funds.

"...a meeting of the Board of Directors of the company will be held on Thursday, April 20, 2017, inter-alia to consider a proposal for fund raising," it said in a filing to BSE.

The company which is the world's second-most geographically-diversified steel producer, is among the top global steel companies with an annual crude steel capacity of 28 million tonnes. Its turnover clocked $17.69 billion in in 2015-16.

It has operations in 26 countries and commercial presence in over 50 countries.

 

--IANS

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