Moody s revises Tata Steel outlook to stable
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Last Updated: Apr 01, 2021, 03:42 PM IST
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India s steel consumption declined by 55 per cent during the first quarter of fiscal 2020-21, Moody s Investors Service said.
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NEW DELHI: Moody s Investors Service on Thursday said it has changed its outlook for Tata Steel Ltd to stable from negative.
Tata Steel is one of the country s top steel producers with an installed capacity of 20.6 million tonne per annum (MTPA).
The rating agency said it has changed the outlook on Tata Steel Ltd to stable from negative .
India s steel consumption declined by 55 per cent during the first quarter of fiscal 2020-21 following the nationwide lockdown to contain the COVID-19 pandemic, it added.
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