03
Oct
10:26
Tata’s amalgamation to bring long-term gains: Fitch
Tata Steel (TSL)’s amalgamation with its seven subsidiaries in September is expected to result in higher Ebitda from procurement and marketing synergies, and lower royalty payments, says credit rating agency Fitch Ratings.
Fitch however believes the financial gains are likely to be small and could take several quarters to be realised, depending on the pace of regulatory approvals, Kallanish notes.
“TSL estimates annual cost savings to be well over INR…
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Anonymous
Very good overview of the weekly steel market.
Anonymous