Tata Steel keen to exit SE Asia operations, other non-scalable assets
"We are looking at all the assets, which are either sub-scale, non-core or whatever, or which can be simplified. We are looking at divesting them," Tata Steel chairman N Chandrasekaran told the shareholders at the annual general meeting here.
Alloy major Tata Steel is looking at divesting its Southeast Asia business as part of a strategy to exit non-scalable businesses and to focus on domestic growth strategy, a top company official said. Image source: Reuters