Tata Steel's JV to build processing unit for autos


KOLKATA, India, Jan 22 (Reuters) - A joint venture of India's Tata Steel Ltd will invest 1.9 billion rupees ($48 million) to build three steel processing plants to feed demand from automobile makers, an official said on Tuesday. Sandipan Chakraborty, managing director of Tata Ryerson Ltd, equally owned by Tata Steel and Ryerson Inc of the United States, said it is investing 1 billion rupees for a processed steel unit at stablemate Tata Motors' facility in West Bengal. Tata Motors, ...

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