Tata Steel Ltd.

Tata Steel has agreed for an ‘in-principle’ settlement to the key commercial terms of a deal to cut benefits and improve the funding position of its British pension scheme. The scheme was a major stumbling block during talks to merge Tata Steel’s British and European steel assets with those of Germany-based ThyssenKrupp.

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.