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Tata Steel says board approves absorbing unit

Tata Steel says board approves absorbing unit
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First Published: Wed, Apr 13 2011. 09 20 AM IST
Updated: Wed, Apr 13 2011. 09 20 AM IST
Mumbai: Tata Steel said on Wednesday its board had approved the amalgamation of Centennial Steel Co Ltd with the company effective 1 April.
Earlier this month, the world’s No. 7 steelmaker said its board would meet to consider a proposal to restructure its subsidiary Centennial Steel.
The company did not provide any other details.
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First Published: Wed, Apr 13 2011. 09 20 AM IST