Friday, August 31, 2007

Tata Steel Likely To Begin Work In November

Bhubaneswar: The Tata group mulls to begin the construction work of its proposed 6 million tonne per annum integrated steel plant at Kalinganagar in November 2007. Tata said that issues pertaining to the Kalinganagar plant, Gopalpur SEZ and other projects figured in the discussion with the Chief Minister. Two issues one pertaining to the mines and the other to the transferring of 200 families in the Kalinganagar area prominently came up at the discussion. They have asked for iron ore mines to the Orissa government and expect to get it very soon. Secondly, the shifting of 200 families required taking place for the construction to start at the project site. Out of 1200 families scheduled to be displaced from the Kalinganagar area 620 families had been shifted so far. Once 200 more families shifted, the company would start construction work. The company asked for mines as it fulfilled the conditions in the Memorandum of Understanding ( MoU) signed with the Orissa government pertaining to the order of equipment for the plant. It placed orders of Rs 4500 crore for this plant.

Source : www.indian-commodity.com

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