Interest rates not a concern: Tata Steel MD

Kolkata : Interacting with an audience in Kolkata he said that being a global player Tata Steel has the freedom of generating funds from anywhere in the world."Our borrowing is a global venture and so we can borrow from wherever the rate of interest is low," he remarked.

Nerurkar also assured that to keep costs low, continuous research was being done to find new solutions for the optimisation of coking coal.He said, "The effort is continuously on to optimise the coking coal but all the Indian reserves are red coal India and they are hard to get. We are looking at developing our own resources and very soon 45 to 50 percent of our needs will come from our own sources."