Tata Steel is eyeing synergies with Usha Martin's Jamshedpur facility.

Tata Steel, which pipped four others to a definitive agreement for Usha Martin’s steel business, is eyeing synergies with its Jamshedpur facility. The Usha Martin unit is located in Adityapur, which is near Jamshedpur. “The proximity of the plant to our existing steel works in Jamshedpur brings in significant synergy in logistics of supply of raw materials, especially intermediary steel products,” said a Tata Steel spokesperson.

BS