Ispat offers to supply steel for Tata Motor's Nano (The Economic Times 22th Jan 2008)Domestic steel maker Ispat Industries may become the first company outside the Tata fold to supply steel for Tata Motor's lakhtakia car Nano. The company has initiated talks with Tata Motors for supplying auto grade hot roll coils (HRC) for Nano scheduled for launch later this year. “We have started dialogue Tata Motors for supplying HRC required for its small car Nano. As the company is already an established supplier of steel to Tata Motors, we are hopeful to be part of Nano project too,” Ispat Industries (IIL) executive director (marketing) Vinod Garg said. IIL is currently meeting roughly 80% of HRC requirements of Tata Motors for its Pune plant. With the addition of Nano, the company would become the single largest domestic steel supplier for Tata Motors. Apart from IIL, Tata Steel and other global players supply steel to Tata Motors. More HDFC Bank net rises 45% to Rs 429 cr (Business St...
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