New Delhi, April 9 -- Tata Steel Managing Director T V Narendran has said that the company will continue to expand capacity in India in line with rising domestic demand for steel, while ruling out any immediate merger or acquisition plans.

Speaking to ANI on the sidelines of the annual conference of the All India Management Association (AIMA), Narendran said India's steel demand is growing strongly, and the company is expanding capacity across its existing facilities.

"The ambition is there. Expansions are happening with different companies. Tata Steel is already at 25 million tonnes in India," he said.

He added that the next phase of expansion will take place at existing assets, including the company's acquired Bhushan Steel plant and...