Tata Steel Expects To Start Work In A Month - July 2, 2008

Tata Steel, proposing to establish Rs 15,400 crore, 6 million ton integrated greenfield steel plant at Kalinganagar in Orissa, expects to begin the construction work of the project within a month. It has already applied to the state government for mines and has shifted about 700 families out of 1200 families to be displaced by the project in an effort to clear the site for begin of work. The company has asked the assistance of the Orissa government in this regard.

Tata Steel Inks Agreement With Oman Co For Limestone

Mumbai: Tata Steel has concluded an alliance pact with the Al Bahja Group of Oman for the development of the Uyun limestone deposits at Salalah in the Sultanate of Oman. Tata Steel and Al Bahja Group, inked the joint venture agreement. Tata Steel will be holding 70 per cent stake in the existing company, named Al Rimal Mining LLC, via its subsidiary, TS Global Minerals Holdings Pte Ltd. The initial phase will comprise exploration and detailed feasibility studies. The project envisages mining of limestone in the Uyun region, which is said to have large deposits of the raw material.