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		<img align="" alt="N Chandrasekaran, Chairman, Tata Steel, Sandeep Biswas, Senior VP Finance Tata Steel, Kaushik Chatterjee, Group CFO & ED, and Chanakya Chowdhary, Group Director, Corporate Communications and Regulatory Affairs Tata Steel. Photo: Kamlesh Pednekar" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2017-09/20/full/1505909639-5262.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Thyssenkrupp-Tata deal" width="620" />
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			(From left) N Chandrasekaran, Chairman, Tata Steel, Sandeep Biswas, Senior VP Finance Tata Steel, Kaushik Chatterjee, Group CFO & ED, and Chanakya Chowdhary, Group Director, Corporate Communications and Regulatory Affairs Tata Steel. Photo: Kamlesh Pednekar</div>
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Chandrasekaran says Thyssenkrupp deal creates strong,
<br /><br />clean balancesheet, coupled with solid products and R&D capabilities to grow.

Natarajan Chandrasekaran

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Tata Group Chairman N Chandrasekaran on Wednesday said Tata Steel&#39;s deal with Thyssenkrupp will help create a strong,&nbsp;clean balance sheet, coupled with solid products and research & development capabilities to grow. The deal would likely be closed by December 2018 or early 2019 and the combined entity would have a capacity of 20 mt and 48,000, he added.<br />
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Early on Wednesday, Thyssenkrupp and Tata Steel struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent&#39;s No.2 steelmaker after ArcelorMittal.<br />
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The new company, to be named Thyssenkrupp Tata Steel, would be headquartered in or near Amsterdam, Thyssenkrupp said in a statement after the two companies signed a memorandum of understanding (MoU).<br />

Adds Tata Steel will double capacity through organic or inorganic route after the Thyssenkrupp deal

Thyssenkrupp deal to help Tata Steel double capacity, says N Chandrasekaran

Tata Steel and Thyssenkrupp agreed to create Europe's No.2 steel firm

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