Tata, Bluescope establish new JV
India's
Tata Steel and
Australia's Bluescope Steel officially established a 50:50 joint venture to develop their steel coating businesses in
India and South Asia.
Tata Steel and Bluescope are investing Rupees 12 billion ($263 million) in the equal joint venture.
The joint venture will set up four
manufacturing locations in
India – a metallic coating and painting facility in Jamshedpur in eastern
India and three roll-forming and pre-engineered building
manufacturing plants in Manarashtra, Rajasthan and Tamil Nadu.