Tata Steel completes sale of Hartlepool SAW pipe mills
DSIJ Intelligence / 02 Aug 2017
Tata Steel UK, on Tuesday, announced that it has completed the sale of its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group.
Tata Steel UK, on Tuesday, announced that it has completed the sale of its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group.
The sale covers the 42-inch and 84-inch pipe mills, also known as the Submerged Arc Weld (SAW) mills, where 140 employees manufacture pipeline for gas and oil projects around the world.
The two mills are fed with steel sourced from outside Tata Steel and so the mills were independent of the company’s strip products supply chain, the company said in a BSE filing on Tuesday.
Tata Steel was trading at Rs 570.25, down by Rs 1.75 or 0.31% as at 0958 hours on Wednesday, on the BSE. The stock attracted traded volume of 3,70,693 shares and traded value of Rs 2,117.62 lakh on the NSE.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.