Tata Steel Europe, the European subsidiary of Tata Steel, is planning to upgrade its steel plants in Wales. The company is likely to invest up to $1.3 billion (approx Rs. 6,669 crore) over the next five years to upgrade its steel plants. The investment will be utilised to improve production, product mix, and quality and product range of the plants. The company has not yet disclosed the further details of the projects. Tata has plants across Wales, including Port Talbot and Shotton, with a total capacity of close to 10 million tpa and another 7.2 millon tpa plant in the Netherlands. In all, the company has a total capacity of 28 million tpa out of 18 million tpa is in the UK.

In September 2011, the company had announced investing close to Rs. 5,250 crore at its Netherlands facility over five years in improving product profile to high-margin products and increase capacity to 7.7 million tpa from 7.2 millon tpa.

This apart, another Indian company B R Punj-promoted Fedders Lloyd Corporation (FLC) is in the initial stage of discussions with US based Invenergy LLC, a wind power generation company for developing wind farm projects in India and African countries like Tanzania and Kenya. "We are considering a foray into wind farm business and have initiated talks with US based Invenergy for a partnership. Besides India, inquiries have also started pouring in from African countries such as Tanzania and Kenya. This would attract investments to the tune of Rs. 2,000 crore and we are looking for an equity partnership with the US firm," said N D Jain, head-wind energy business, Fedders Lloyd Corporation. The first round of negotiations with Invenergy was held in early 2012 and the company expects to finalise the deal in the next round of talks, scheduled to take place in June 2012.