Muthuraman said the equity raising exercise and the LSE listing marked 'a significant milestone in the company's capital raising journey and demonstrates investors' interest in the company's strategic direction'.

With the arrival of Tata Steel, there are now 52 Indian companies quoted on the London Stock Exchange's markets, comprising 19 listed on the Professional Securities Market (PSM), 11 on the Main Market, and 22 quoted on the Alternative Investment Market, or AIM.

Another 10 Indian companies are listed on other exchanges but are admitted to trading on the LSE's International Order Book.

Tata Steel is the world's sixth largest steel company with an existing annual crude steel production capacity of 30 million tonnes per annum.

The company's European factories in Britain, the Netherlands, Germany, France, Norway and Belgium manufactured over 20 million tones of steel in 2008.