Tata Steel keen on acquiring Essar Steel to double Indian steel capacity

India's Tata Steel has expressed an interest in buying debt-laden compatriot Essar Steel, as it would help with Tata's ambition to double its steelmaking capacity in the country, a spokesman told Metal Bulletin on Monday November 6.

“The chairman has said we are looking at doubling [our] steel capacity in India – both through organic and inorganic methods,” he said.. Tata Steel has lodged an expression of interest in buying Essar Steel, according to the spokesman, although he was unable to divulge further information due to the company signing a...

Published

Lee Allen

November 06, 2017

15:35 GMT

London