Tata Steel rules out IPO of Tata-Thyssen merged business for 2-3 years

Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European steel operations with those of ThyssenKrupp.

T.V. Narendran, Tata`s managing director for India and South East Asia, told Reuters that the capacity of Tata`s Kalinganagar plant in India would like be expanded to 5 million tonnes.

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