Saturday, 19 Feb 2011
It is reported that TATA Steel Limited expects to complete the sale of its Teesside plant in the United Kingdom by the end of March 2011.
Mr B Muthuraman VC of TATA Steel said that "The process is on and we should be able to complete it by March 31st 2011."
It may be noted that TATA Steel recently agreed to sell the Teesside Cast Products plant to Thailand's largest steel group Sahaviriya Steel Industries PLC in a deal valued at USD 500 million.
The plant was partially shut in February 2010 after four steel slab buyers pulled out of a joint 10 year contract.
(Sourced:Dowjones)
Posts
No comments:
Post a Comment