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Tata Steel's Corus gets French rail contract

Published: Tuesday, Dec 15, 2009, 17:09 IST
Place: Mumbai | Agency: Reuters

Tata Steel said on Tuesday its European unit Corus had got a 350 million euro ($510 million) contract to supply rail tracks to French operator SNCF.

Tata Steel, the world's eighth-largest steel maker by output, said Corus would invest €35 million at its rail production facility in Hayange in France.

The contract is for an initial four years with an option to extend it by a further two years, the Indian company said in a statement.

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