Would be cautious on Tata Steel owing to aggressive expansion drive: Expert

Reports over the weekend suggest that Tata Steel has emerged as the highest bidder to buy Bhushan Steel, offering a package of Rs 40,000 crore.

In an interview to CNBC-TV18, Rakesh Arora, Managing Partner of Go India Advisors shared his views and readings on Tata Steel and Bhushan Steel.

Arora said that Tata Steel will double its capacity if Bhushan asset purchase goes ahead.

However, we would be cautious on Tata Steel owing to the aggressive expansion drive.

We are pleased that JSW Steel has not been aggressive in this bidding war, he added.

Watch accompanying video for more details & also for SP Tulsian’s views on the overall steel space.