Tata Steel acquires Lag Velsen for €140 million
pre-market1 source ↓written by the desknot a recommendation
- approximately
- €140 million
- approximately
- ₹1,450.00 crore
- total capacity
- 770 megawatts
Tata Steel IJmuiden B.V. has agreed to acquire Lag Velsen B.V. for up to €140 million (approximately ₹1,450.00 crore). This acquisition includes three Vattenfall power plants with a total capacity of 770 megawatts.
This strategic move enhances Tata Steel's energy infrastructure in the Netherlands, potentially improving operational efficiency and sustainability. ⚡
Not investment advice. For informational purposes only.