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The step was taken to reorganise the company s India footprint into four clusters to drive scale, synergies and simplification and to create value for all stakeholders, , tata steel, TSDPL, stakeholders
Tata Steel transfers stake in processing arms to TSDPL
PTI
Kolkata |
Updated on
TSDPL was created to bring steel service centre solutions for the first time to industrial customers Tata Steel said it has transferred its stake in two companies to Tata Steel Downstream Products Ltd (TSDPL), a wholly- owned subsidiary of the firm, as part of reorganising its India footprint. The company today transferred the 51 per cent stake it holds in Jamshedpur Continuous Annealing and Processing Company Private Ltd (JCAPCPL) and 50 per cent stake it holds in Tata BlueScope Steel Private Ltd (TBSPL) to Tata Steel Downstream Products Ltd (TSDPL), it said in a regulatory filing.