Tata Steel NSE -2.67 % has planned capital expenditure (capex) of Rs 12,000 crore on its India and Europe operations during the current financial year, the company’s Chief Executive Officer T V Narendran said.

The domestic steel major plans to invest Rs 8,500 crore in India and Rs 3,500 crore on the company’s operations in Europe, Narendran, who is also the Managing Director (MD) of Tata Steel, told PTI in an interview.

In India, the focus will be on the Kalinganagar project expansion and mining activity, and in Europe, it will be focussed on sustenance, product mix enrichment and environment-related capex, Narendran said.