Tata Steel seeks to raise $2b to fund India expansion

Tata Steel seeks to raise $2b to fund India expansion

A worker places a stainless steel container in a coil heater inside a manufacturing workshop in the suburb of Mira-Bhayander in Thane, Maharashtra, India, on Tuesday, Jan. 7, 2014. Photographer: Vivek Prakash/Bloomberg

Tata Steel Ltd. plans to raise as much as 128 billion rupees ($2 billion) in a rights offer to help add capacity in India, where demand for the alloy is forecast to triple in over a decade.

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