Tata Group and Malabar Cements form joint venture for boat building facility
Tata Projects Limited-owned firm Artson Engineering Limited has formed a joint venture (JV) with Malabar Cements. The JV is for establishing a facility for building boats with a capacity of less than 100 tonnes.
Artson would invest Rs 500 crore as a part of JV for the facility that is expected to come up on a plot leased by the Malabar Cements for clinker imports on Kochi Port Authority land on Willingdon Island.
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