We still have the Singapore system for which we have received interest from buyers,” T V Narendran, Managing Director, Tata Steel informed BusinessLine. In the earlier agreement, Tata Steel had agreed to form a joint venture with the Chinese government-owned HBIS group. It offered 2 units– Kalzip, an aluminium roofing and cladding company, and Firsteel, a covered steel bakeware manufacturer.
We still have the Singapore unit for which we have actually gotten interest from purchasers,” T V Narendran, Managing Director, Tata Steel told BusinessLine. According to the contract signed in January, HBIS was to obtain 70 per cent stake in both the companies. In the earlier contract, Tata Steel had agreed to form a joint endeavor with the Chinese government-owned HBIS group. The revamp of the European operations started last May when the company put five non-core businesses on the block. It sold 2 systems– Kalzip, an aluminium roofing and cladding service, and Firsteel, a coated steel bakeware maker.