Tata Steel to invest 8 mn pounds in Scotland plant

New Delhi : Tata Steel said it will invest 8 million pounds (Rs 58.86 crore) at its Clyderbridge plant in Scotland, part of its European operations, to double the output of high strength steel plate to 3,200 tonnes a week by 2012.

"The investment ... will boost the output from the specialist plant by up to 50 per cent and lead to the creation of about 26 new jobs," Tata Steel said in a statement.

This is the second major investment in Scotland by the global giant, following announcement of 8 million pounds investment at Dalzell plate rolling mill in August, 2010.