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Tata Steel won a New Contract to Supply Britain's Network Rail

Oct 22, 2013 16:32 IST

Tata Steel on 21 October 2013 won a new contract to supply Britain's Network Rail with more than 95 percent of its rails for at least five years.  It could supply more than 1 million tonnes of rail under the contract. The company's Scunthorpe plant is the present supplier to Network Rail. It produces steel for construction and infrastructure. The plant's future would have been affected had the contract not been renewed.

Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.

The Tata Steel Group, with a turnover of 24.82 billion US dollars in Financial Year 2012- 2013, has over 81000 employees across five continents and is a Fortune 500 company. Tata Steel’s larger production facilities include those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia.  Operating companies within the Group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel, and Tata Steel Thailand (formerly Millennium Steel).

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Read more Current Affairs on: Tata steel , Britain , Rail

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