Tata Steel Europe has identified five non-core businesses for potential sale. The sale process will cover five business units - Cogent, Kalzip, Firsteel, Tata Steel Istanbul Metals and Engineering Steels Service Centre (Wolverhampton).
The company has recently conducted a detailed portfolio review of all its businesses to assess the strategic fit and the future potential. Based on the review, it has begun a process of seeking buyers for business units which supply products to niche markets.
Following the potential sale of these business units, which employ a total of 1,100 people, Tata Steel Europe would continue to employ about 20,000 people manufacturing advanced products for the automotive, construction, engineering and packaging sectors.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.70 |
| JSW Steel | 1258.00 |
| SAIL | 171.70 |
| Jindal Stainless | 786.50 |
| APL Apollo Tubes | 2119.50 |
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