Tata Steel, MMTC join hands for mining development
October 22nd, 2009 - 8:56 pm ICT by IANS ( Leave a comment )Kolkata, Oct 22 (IANS) Steel major Tata Steel Limited and MMTC Limited signed an agreement Thursday to establish a 74:26 joint venture company for acquiring, development and operation of mines and processing of minerals and metals, a statement said here.
“Steel production in India is projected to grow to over 120 million tonnes by the year 2015.
“To cater to the raw materials requirement of increasing steel demand and other mineral based industries, MMTC and Tata Steel have agreed to co-operate with each other and are executing this agreement for setting up a joint venture for the above purpose,” the statement said.
- 'Ore, exploration can take India-China trade to $100 bn' - Nov 17, 2011
- SAIL to form venture with Shipping Corporation - Mar 30, 2010
- India renews contract to supply iron ore to international firms - Jul 07, 2011
- NMDC to acquire coking coal mine in Russia - Sep 24, 2011
- Toronto Stock Exchange to hold road show in India - Oct 02, 2010
- NMDC scouts for mines in Mozambique, South Africa - Sep 08, 2010
- Steel production to rise if land, mining bills passed - Dec 15, 2011
- TRF acquires Hewitt Robins International - Apr 16, 2010
- Kazakhstan seeks Indian investment in its rapid industrialisation - Apr 16, 2011
- Fertiliser industry wants $20 bn for overseas assets - Dec 07, 2011
- Tata Steel, NMDC sign deal to jointly acquire mines - Jan 22, 2010
- Karnataka steel industry seeks more iron ore - Sep 29, 2011
- JSW Steel scales down production to 30 percent - Sep 26, 2011
- J.J. Irani expects 100 mn tonne steel production by 2015 - Jul 31, 2010
- Steel Authority sees no further steel price rise - Feb 04, 2010
Tags: India, joint venture company, metals, minerals, mining development, mmtc limited, raw materials, setting up a joint venture, steel demand, steel production, tata steel, tonnes
