Tata Steel Ltd.

Tata Steel has upgraded its rail facility in France, with an investment of about Rs 235 crore. This rail facility is now ready to produce longer rails for the high-speed networks in France and other European countries. Previously, the plant Hayange, in the Lorraine region of France could roll out rails up to 80-metre long.

Hayange facility, the largest and the most significant investment for more than a decade, has boosted production capacity from 3 lakh tonne to 3.4 lakh tonne in a year and has improved yield and quality at the facility.  The company's two state-of-the-art rail facilities in the UK and France now have the world-class manufacturing capability and it will continue to support customers by offering innovative products and services in growth markets.

Recently, Tata Steel has received an approval for the amalgamation of Centennial Steel Company (CSCL) with itself.  As per the scheme CSCL becomes wholly-owned subsidiary of Tata Steel and all the shares of CSCL would stand cancelled.