Indian company Tata Steel agreed with the company Morgate Industries Group (MIG) to purchase an ore concentrate manufacturer Brahmani River Pellets Ltd. The purchase cost is 9 billion rupees or 135 million dollars. The deal is planned to be completed in March 2017. According to Director of Tata Steel, BRPL purchase is a thoughtful decision for Tata Steel and affect a positive impact on company’s growth.
From the end of December, Tata Steel stocks increased by 5,1% and continue to grow. This is an amazing opportunity for traders to earn their first income in 2017. Trading will be available during the European session, from 5:00 to 10:00 GMT.
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