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Tata Steel signs sales pact with Liberty House Group

Capital Market 

For sale of its Hartlepool SAW pipe mills

announced that it has signed definitive sale agreement to sell its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group.

The sale agreement covers the 42-inch and 84-inch pipe mills, also known as Submerged Arc Weld (SAW) Mills where about 140 employees manufacture pipeline for gas and oil projects around the world. The two mills are fed with steel plates sourced from outside Tata Steel, so the mills are independent of the Company's strip products supply chain.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 18:41 IST