India's Usha Martin sells steel business to Tata

摘要

India's Usha Martin Saturday announced it has sold its steel business to Tata Steel for Rupees 43 billion-47 billion ($595.6 million-$650.9 million). "The steel business inter alia includes a specialized steel alloy manufacturing plant, an operative iron ore mine, a coal mine under development and captive power plants," Usha Martin said in a statement.