Of the ₹25,000 crore, JSW Steel will spend ₹18,540 crore which, which will be financed through internal accruals of ₹10,500 crore and ₹7,800 crore through debt. Tata Steel will spend around ₹11,000 crore this fiscal, including ₹7,500 crore in India. We ramped up steel production with better market conditions and our steel sales volume increased by 17% quarter-on-quarter to 2.47 million tonnes in the March quarter. The spot hot-rolled coil gross spread improved during the quarter with higher steel prices, translating into the profitability of our steel mills," said Koushik Chatterjee, executive director and CFO, Tata Steel. Among cement companies, UltraTech Cement Ltd, will spend ₹4,000-5,000 crore this fiscal.

Source: Mint June 14, 2021 19:52 UTC