12
Apr
14:31
Tata Steel acquires Sail’s stake in S&T Mining
Tata Steel has completed the acquisition of Steel Authority of India (Sail)’s 50% equity stake in S&T Mining Company (S&T Mining), Kallanish notes. This follows the execution of the share purchase agreement with Sail on 6 April.
S&T Mining was a joint venture of Sail and Tata Steel inducted in 2008; however, the company has been non-operational since the fiscal year ended 31 March 2019.
The company’s operation includes mining consultation,…
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