Tata Steel - 2030 Vision Unlocked: Centrum Broking
Silos stand at the steel works operated by Tata Steel Ltd. in U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Tata Steel - 2030 Vision Unlocked: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

We attended Tata Steel Ltd.'s Investors Day Conference, where the management shared its vision for 2030. Key highlights:

  1. India capacity target of 40 million tonnes per annum by CY30 via organic and inorganic routes,

  2. priority to maintain net debt/Ebitda less than two times across cycles over the long term,

  3. FY22 debt reduction target of more than $2 billion,

  4. capex allocation of Rs 100-120 billion/year for next five years in India,

  5. target carbon-adjusted return on invested capital of 15% for consolidated business.

Click on the attachment to read the full report:

Centrum Tata Steel - Company Update .pdf


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