Tata Steel gains on securing Indo-Sweden funding under ITP for two decarbonisation projects [Iron & Steel]
AI Summary1 min read
TL;DR
Tata Steel's stock rises after securing Indo-Sweden funding for two decarbonisation projects under ITP, enhancing its global steel production and sustainability efforts.
Tags
Steel & Iron ProductsIron & SteelTata SteeldecarbonisationIndo-Sweden fundingsteel industryITP
Tata Steel is one of the world’s most geographically diversified steel producers. It is one of the few steel operations that are fully integrated - from mining to the manufacturing and marketing of finished products. The company, together with its subsidiaries, associates, and joint ventures, is spread across five continents. The company’s Raw Material operations are spread across India and Canada which help it to be self-sufficient in steel production. Key manufacturing functions are performed by the raw materials and iron-making groups, while Shared Services provides maintenance support for a smooth production. In India, the company downstream business activities are structured into strategic business units such as Ferro-Alloys and Minerals, Tubes, Wires, Bearings, Agrico, Industrial By-products Management & Tata Growth Shop.