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Tata Steel says European steel plans unchanged

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Reuters MUMBAI
Last Updated : Oct 27 2016 | 5:07 PM IST

MUMBAI (Reuters) - Tata Steel Ltd's plans for its European steel business are unchanged, company executives told analysts on Thursday.

In July Tata Steel halted the sale process of its Port Talbot steel plant in Britain and decided to explore partnership opportunities.

Germany's ThyssenKrupp AG was one of the companies with whom partnership was being discussed.

Tata Steel officials told analysts that there were no concerns about the group's steel business stemming from the exit of former chairman Cyrus Mistry as boss of Tata Sons.

(Reporting by Promit Mukherjee)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Oct 27 2016 | 4:49 PM IST

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