Drop in European revenue due to sharp decline in steel prices and reduced deliveries
European operations now at 70% utilization
Indian operations now at 80% utilization after easing of lockdown restrictions
Tata Steel Europe has launched a transformation program to generate savings
Capex is being curtailed sharply due to the uncertain business environment, but will be revisited in the second half of the year or when business conditions normalize.
Tata Steel India full-year results
This includes Tata Steel Standalone, Tata Steel BSL and Tata Steel Long products.
18.20 million tonnes, up...