Business Tata Steel to look at utilisation of cash flows to grow organically Updated : September 24, 2018 08:18 PM IST Tata Steel Saturday announced that it will acquire the steel business of Usha Martin Limited (UML) for Rs 4,300-4,700 crore. Indian steel business is a growing market and the focus is lot more on India as the company goes about fixing the issues in Europe, said TV Narendran.