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Tata Steel secures long-term deal to supply aerospace steels to Safran Group

19 Jun 2013 Evaluate

Tata Steel has secured a long-term agreement to supply aerospace steels to Safran Group, the world-class manufacturer of aircraft, rocket engines, propulsion systems, and aircraft equipment. The five-year agreement gives Tata Steel responsibility for supplying all aspects of Safran Group’s aircraft-quality steel requirements worldwide, including remelted steels, both direct to Safran Group companies and to its sub-contractors. The initial value of the contract is in excess of £9 million per year, with prospects for this to grow during the life of the agreement.

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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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