Germany-based Thyssenkrupp is expecting finalisation of its joint venture with Tata Steel by end of 2018.
"Talks with the UK labour unions are on and it's an ongoing process but we expect closure of the JV (deal) by end of this calendar year," Jens Overrath, chief executive officer of Thyssenkrupp Electrical Steel (Europe) told reporters on the sidelines of an event held at its Nashik plant .
Overrath was here to announce its cold rolled grain oriented (CRGO) electrical steel product line.
Last year, Thyssenkrupp had announced plans to combine its European steel unit with that of Tata Steel to