Tata Steel seen up; workers sign deal with Thyssenkrupp

Shares of Tata Steel are seen gaining after reports said the company's workers struck a deal with German industrial company Thyssenkrupp to secure steel plants and jobs.

Thyssenkrupp could halve its stake in the planned European steel joint venture with the company if they list it on the stock market by end of 2024, a board member of the German industrial group said on Friday in a media report.

Shares of the company ended 0.5% lower at Rs711.20 on Friday.

Tata Steel, a part of the illustrious Tata Group, is an Indian steel manufacturing multinational company. It is a leading player in the domestic market and its production capacity of 27.5MTPA is spread across 26 countries.



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