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04 Jan
13:45

Tata Steel consolidates downstream coil joint venture stakes

Tata Steel has transferred its shareholdings in two downstream sheet joint ventures to wholly-owned subsidiary Tata Steel Downstream Products Limited (TSDPL). This is part of the reorganisation of Tata Steel’s Indian business into four clusters. Tata’s 51% stake in Jamshedpur Continuous Annealing and Processing Company Private Limited (JCAPCPL) and 50% shareholding in Tata BlueScope Steel Private Limited (TBSPL) have been transferred to TSDPL. The form…
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