Tata Steel plans major multi-crore 'cost takeouts' across global units, says CFO
Tata Steel is set to aggressively reduce costs by Rs 11,500 crore globally over the next 12–18 months, building on previous savings. The company aims for significant cost reductions in India, the UK, and the Netherlands through operational improvements and restructuring. Capital expenditure is allocated, with a focus on Indian operations, while net debt has decreased.
Tata Steel is set to aggressively reduce costs by Rs 11,500 crore globally over the next 12–18 months, building on previous savings. The company aims for significant cost reductions in India, the UK, and the Netherlands through operational improvements and restructuring. Capital expenditure is allocated, with a focus on Indian operations, while net debt has decreased.
