Tata Steel to grow aggressively as UK fog clears

Mumbai

TATA Steel Ltd plans to grow "very aggressively" in India, riding on Prime Minister Narendra Modi's promise of record infrastructure spending, after moving closer to a possible joint venture in Europe that will help stem losses there.

"We will be growing very significantly or growing very aggressively as far as India is concerned," group executive director for finance Koushik Chatterjee said in an interview in Mumbai. Tata Steel plans to be a key part of the government's vision of tripling steel capacity to 300 million tonnes by 2030, he said.