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Tata Steel to Begin Construction of 6 Million-Ton Steel Project in Orissa
BANGALORE, INDIA--August 7, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Tata Steel (BOM:500470) (Mumbai, Maharashtra) recently announced that it will begin construction on a long-delayed 6 million-ton-per-year steel project in Kalinganagar, a small town in the Jajpur district of Orissa, in the next three months. The $3.75 billion project is scheduled to be completed by 2010. It will be developed in two phases with a target production capacity of 3 million tons per year in each phase. Nippon Steel Corporation (TYO:5401) (Tokyo, Japan) was appointed as the technical consultant.
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Industry Segment: Metals & Minerals
Word Count: 630 Words
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