Thursday , October 28 2021

Tata Steel cuts Tarapur unit production by 15% since past six months on auto slump

Tata Steel has cut Tarapur unit production by 15% since the past six months, amid deepening slowdown in the automotive sector.

The slowdown in the auto sector has impacted since the past six months. The capacity utilization, which used to be 100% till last fiscal has come down to 85%.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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