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Wednesday, November 26, 2008

Tata Steel - VolkerWessels increases investment in UK rail

Tata Steel Ltd has informed that on November 26, 2008, Corus UK sold its 50% stake held in GrantRail Group Ltd to VolkerWessels, its joint venture partner. GrantRail Group is providing rail infrastructure services and is not a part of Corus' core business i.e. steel production activities.

In this connection, Corus and VolkerWessels jointly issued the Press Release titled "VolkerWessels increases investment in UK rail".

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