commissioned and would reach the capacity in the last quarter of the current fiscal.
The greenfield facility in Kalinganagar in Odisha would start production by FY'15, he added.
"The price of global benchmark hot-rolled coil that Tata Steel produces, used in making cars and home appliances, averaged 19 per cent lower in the last quarter, because of slowing sales in Europe and weak Chinese demand," said brokerage Microsec Capital Limited in a report.
($1 = 54.50 rupees)
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