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Tata Steel to raise $1.6 bln additional capital-CFO

MUMBAI, Nov 12 (Reuters) - India's Tata Steel, the world's seventh-largest steel maker by output, will raise additional capital of 70 billion rupees ($1.6 billion), Chief Financial Officer Koushik Chatterjee sai on Friday. He said the company would approach shareholders for their approval in coming weeks. The company on Friday beat analysts' forecasts by posting a net profit after taxes, minority interest and share of profit of associates of 19.79 billion rupees ($442 million) for its fiscal second quarter ended September. ($1=44.8 rupees) (Reporting by Prashant Mehra ) ((prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net)) Keywords: TATASTEEL/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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