Tata Ryerson, a 50:50 joint venture between Tata Steel and US-based Ryerson Inc, is investing Rs 120 crore (Rs 1.2 billion) for the Tata Motors' small car project at Singur.
"Besides providing sheet metal products, we are importing latest technology for the first time in India for roll formed section that will replace press works for the Tata Motors small car project," Sandipan Chakravortty, MD, Tata Ryerson said. "We are also holding talks with two companies from Japan and Europe for blanking technology used for making car windows," he said.
The new technologies will help in bringing down manufacturing cost. The roll formed section technology will save cost by 25-30 per cent than normal press works, Chakravortty said.
Tata Ryerson had been alloted 10