Thyssenkrupp's joint venture with Tata Steel to be finalised by 2018-end
Updated : April 19, 2018 05:30 PM IST
Both the companies in September last year had announced plans to combine their European operations and form an equal joint venture, creating Europe's second largest steel maker, after ArcelorMittal.
The company plans to produce 35,000 million tonnes (mt) per annum of CRGO electrical steel used in transformers for power sector from the expanded factory, against the current capacity of 10,000 mt.
The country's demand for this specialised steel is estimated at 400,000 mt, which is being met by imports at present.