Tata Steel to buy Usha Martin's steel biz for up to â¹4,700cr
Tata Steel on Saturday announced it will acquire the steel business of Usha Martin for â¹4,300-4,700 crore. Usha Martin's steel business consists of a 1 mtpa Jamshedpur facility, a producing iron-ore mine, a coal mine under development and captive power plants. In May, Tata Steel acquired 72.65% stake in Bhushan Steel for â¹35,200 crore in an insolvency auction.