Negotiations are on about the gas pricing and we are very happy with the positive attitude of Bangladesh government. We hope to start work on the Rs 6,000 crore project this year, B Muthuraman, MD, Tata Steel told reporters.
Last year, there were reports that the Tatas and the Bangladesh government had not agreed on some contentious issues, which were delaying the investment.
On the ongoing negotiations between Dhaka and Tata Steel, Bangladesh minister for finance and planning md Saifur Rehman said the discussions were positive and would help complete the project.
Our negotiations with Tata Steel are positive and we are currently discussing gas supply to their project, he told reporters here. Tata Steel would spend about Rs 6,000 crore on the 2.4 million tonne steel project.
Tata Steel achieves 5 m tonne HM production
March 22: Tata Steel has surpassed production of hot metal (HM) at 5 million tonne per annum, exceeding 4.47 million tonne during the financial year 2004.