(ET)
Tata Steel has said it will take on board all 5,000 employees of Bhushan Steel as part of the resolution plan submitted by it. Commenting on the company’s plans for Bhushan Steel, a day after the National Company Law Tribunal (NCLT) approved Tata Steel’s bid for the debt-ridden company, TV Narendran, managing director of Tata Steel, said while BSL is right now operating at around 3-3.5 million tonne (mt) capacity, we can easily see it operating at 4-4.5 mt.
Narendran, however, said to take it beyond 5 mt production level will call for more investments. But it can easily be taken from 5 mt to 8 mt, he added. We will take on board all 5,000 employees as part of the resolution plan that we have submitted, he said, while interacting with the media during a meet to announce the company’s results.
