Don’t miss the latest developments in business and finance.

Tata Steel reclaims piece of Indian manufacturing history

Image
Press Trust of India Mumbai
Last Updated : Jun 01 2015 | 7:57 PM IST
Tata Steel has bought a portion of the first steel rail track rolled out from its Jamshedpur unit in 1912 at an auction at the Sotheby in UK.
This section of the track was cut up to be used as a desk weight with the engraving 'First rail rolled from Tata Steel by the Tata Iron & Steel Co Ltd/ Sakchi. India/March 18th 1912', the company said in a statement.
It did not say how much it paid in the auction.
This heritage piece was a part of collection of precious objects from the Estate of Mary, the Duchess of Roxburghe.
The steel rail had been presented to Robert Crewe-Milnes, the 1st Marquis of Crewe (1858-1947), by the Tata Steel in 1912.
It will now be kept at the Tata Steel Centre for Excellence at Jamshedpur.

More From This Section

First Published: Jun 01 2015 | 7:57 PM IST

Next Story