TATA STEEL SIGNS MAJOR CONTRACT
The Indian company Tata Steel will supply about 50 tons of rails for the new high-speed rail line Brittany - Loire Valley, which will link the city of Le Mans and Rennes. Steel will be produced at Scunthorpe in the UK, then rolled into the rails in the enterprise Hayange (north-east of France). Delivery of finished products will start from 2015, the cost of the contract is estimated at £ 50 million
One of the main reasons for Tata Steel wins a tender to supply rail for the French railway was the commitment of the company to deliver products to the period required by the customer (French construction company Eiffage).
For an Indian company French contract will be the second year in a segment of high-speed railways projects. In the division of Rail Sector Company in the last three years has invested just about £ 50 million
In the 1st quarter 2012/2012 fingoda (April-June 2012) Tata Steel Europe produced 1.82 million tons of crude steel, up 1.67% over the previous year.
Tata Steel profit in the 1st quarter 2012/203 FG was $ 107 million, EBITDA - $ 644 million, the proceeds - $ 6.08 billion, of which $ 3.67 billion were in the company Tata Steel Europe.
The structure of TSE include plants in the UK, Holland, France, Germany and Belgium, most of whom were part of the British-Dutch group Corus, which the Indian group acquired in 2007
General Steel Power Tata Steel in Europe, India and Thailand, now make up 28 million tons
