Indian steel company Tata Steel is planning to upvalue its shares by 128 billion rupees in order to increase production capacity in India, where demand for steel is expected to drive up over the next three decades. The money will be used to build and buy factories, as well as to discharge a debt. The company places a premium on India, because the construction of roads, harbors and power stations there is growing rapidly.
During the last week, Tata Steel shares have increased by 3.4% and will continue to grow on the news. Trading will be available during the European session, from 4:00 to 10:00 GMT.
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