Merger Of Entities With Tata Steel Will Simplify Management, Help Focus On Business: CFO

On the merger, the company official further said: “The net present value of all synergies will be over Rs 1,000 crore, which is a material value unlocking potential. This covers benefits on cost takeouts, leveraging the synergies on procurement, commercial and financing synergies.”

All the businesses of the amalgamating companies have a good future. These businesses are part of Tata Steel’s enterprise strategy and the company has much more flexibility to grow some of these businesses faster, he said.