Stock advisory Company >> Tata Steel to acquire 74% stake in Bhubaneshwar Power
Tata Steel has executed definitive agreements to acquire 74% equity shares of Bhubaneshwar Power from JL Power Ventures (JL Power) on November 30, 2017.The acquisition provides an opportunity to Tata Steel to increase its captive source of power to meet its growing demand.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
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