Indian Tata steel set for financial restructuring
Further to its previously launched expansion and modernisation plans, the Indian steel maker Tata Steel Company Limited is in preparations to carry out a financial restructuring, with an aim to improve its balance sheet and enhance shareholder value through increasing future profitability and earnings per share. Tata Steel also has taken initiatives for cost reduction in order to take a more competitive stance against the challenges by liberalisation of economy and growing competition.