Tata Steel plans to ink an agreement with Japan-based Nippon Steel Corporation (NSC) by end-this month to set up a Rs 2,400-crore steel plant for producing auto-grade steel.

The proposed JV facility is expected to commence operation in the next two years at the Tata Steel's existing unit in Jamshedpur.
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@Abhishek,
Can you please explain the term JV facility?. :) :) :)
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