Enough opportunities to take capacity to 40 MT in India: Tata Steel CEO

Tata Steel sees enough growth opportunities within its existing facilities to actualise an expansion plan to achieve 40 million tonne capacity in India by 2030, almost double of its current capability in the country, CEO and Managing Director T V Narendran said.

The steel giant will continue to hold talks with the UK government over a financial package for operations there, he said.

The company has planned capital expenditure to the tune of Rs 12,000 crore for India operations, he said.

"In India, basically we want to increase the capacity. We have already around 21 MT. It will be 25 MT soon because the Kalinganagar expansion is going on. We have a few more plans - Neelachal, Kalinganagar and Meramandali or Angul to achieve 40 million tonne capacity by 2030," Narendran told PTI in an interview here.

There are multiple ongoing projects at various locations in India and the company has prioritised completion of the 5 MTPA Kalinganagar expansion", he said.

The company is in the proce