This merger is part of Tata Steel's broader strategy to streamline its corporate structure and enhance operational efficiency
Read MoreAccording to brokerage firm Investec, various challenges may eventually affect Tata Steel's trading multiples
Read MoreThe statement follows recent UK media reports indicating that the Labour Party has urged Tata Steel to pause the restructuring process until after next month’s general elections
Read MoreAs of 31 March 2024, Tata Steel's net debt stands at Rs 77,550 crore. Despite this, the company highlighted its strong liquidity position, with group liquidity at Rs 31,767 crore, including cash and cash equivalents of Rs 9,532 crore
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