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:
India capacity target of 40 million tonnes per annum by CY30 via organic and inorganic routes,
priority to maintain net debt/Ebitda less than two times across cycles over the long term,
FY22 debt reduction target of more than $2 billion,
capex allocation of Rs 100-120 billion/year for next five years in India,
target carbon-adjusted return on invested capital of 15% for consolidated business.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.