Question

What are the two important factor for the development of TISCO?

Answer 1

Domestic and foreign brokerages have given thumbs up to Tata Steel’s Rs 23,500-crore expansion plans with Rs 12,800-crore rights issue. Although the organic expansion in Odisha could have been largely funded through a combination of internal accruals and debt, the company, without a large equity dilution, would have faced limited headroom to acquire large assets funded via debt given its consolidated net debt-to-equity ratio of 2.1, said analysts. Shares of Tata SteelNSE 2.27 % gained 75% so far ..