Tata Steel sets up 4 Vertical

Image Source: moneycontrol.com

Tata Steel is bringing together its mining activities under a single vertical to be called Tata Steel Mining. The vertical will include Tata Steel Alloys, the steelmaker's wholly-owned subsidiary that recently bagged chrome ore mines in Odisha. Global CEO and Managing Director, TV Narendran said that "Tata Steel Mining will be the vehicle for all mining activities. The company will participate in mining auctions under Tata Steel Mining.”

Mr Narendran had said that the company is consolidating domestic business units into four verticals long products, downstream, mining and infrastructure.

Source : Money Control