Tata Steel’S MD: Steel Industry could revive private investment in India

Share Us

614
Tata Steel’S MD: Steel Industry could revive private investment in India
09 Feb 2022
4 min read

News Synopsis

Tata Steel’s Managing Director (MD) TV Narendram in an interview said that he is optimistic about the revival of private investment through the steel industry in the country. Tata Steel is the first steel company established in India and now is one of the major steel manufacturers of the nation. Mr. Narendram informed that the steel industry is performing really well and churning out good profits, even during the current high prices of commodities. He stated: "The profits that we make, pretty much all of that is flowing back into the country as investments”. Also other than Tata Steel, two other major steel producers -JSW steel and ArcelorMittal Nippon Steel have joined hands to invest 1.5 lakh crore. Recently Tata Steel released its third-quarter results where it posted a net profit of 9,573 crores.

TWN In-Focus