Tata deals south africa
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R 85, World's oldest hashtag unearthed in South Africa. Choose your reason below and click on the Report button. This will alert our moderators to take action. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
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By Rakhi Mazumdar. This amounts to a deal size of about Rs crore.
Tata Steel to sell off stake in South Africa iron ore mine to Swiss firm
The transaction is expected to be closed in around 12 months. In its regulatory filing, Tata Steel added: The proceeds from the sale will factor in adjustments for working capital and closing cash balance, Tata Steel said. The mining operations reported a revenue of Rs While Tata Steel is scaling down its operations in South Africa, IMR, a leading supplier of raw materials to the steel industry and an international trading company is increasingly looking at widening its presence in India.
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A senior IMR official told ET on Tuesday, the company is keen on building up its presence in India, which is tipped to emerge as a leading producer and consumer of steel. The Swiss trader is involved in global trading, marketing and financing of a wide variety of bulk commodities like steam, coking coals, iron ore, and iron and steel products, with offices in Switzerland, China and the United Kingdom.
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