Tata Steel in JV with Japan’s Nippon Steel Corporation (NSC) is likely to commence production in February 2014.
The JV partners are setting up Rs 2,300 crore unit in Jamshedpur (Jharkhand) to produce 6,00,000 tpa of automotive cold-rolled steel. Tata Steel holds 51 per cent while NSC holds 49 per cent of the equity in the JV company.
Meanwhile, the company on 5 November 29012 launched Tata Astrum, a new brand of its hot rolled products range. Tata Astrum products will be produced from two of Tata Steel’s mills at Jamshedpur.
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