Corus, Europe’s second major steel producer, has informed that it has sold its 50 percent stake held in GrantRail Group to its joint venture (JV) partner, VolkerWessels.

The conglomerate is a an arm of Tata Steel.

According to the sources, GrantRail Group is a leading provider of rail infrastructure services and is not a part of Corus` core business i.e. steel production activities.

Scrip of Tata Steel closed at Rs 155, up 3.19 percent on National Stock Exchange (NSE). The total volume of shares traded at NSE was 8,391,877.