Tatas Bangladesh steel plant on track; talks on

New Delhi, March 22 | Updated: Mar 23 2006, 06:01am hrs
Tata Steel on Wednesday said its proposed 2.4 million tonne steel plant in Bangladesh was on track and hoped to settle all outstanding issues with Dhaka soon. The plant was scheduled to be completed in 2007.

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.
An statement issued by Tata Steel on Wednesday said that, the company had been able to achieve this due to revamping of the G blast furnace and superior performance of other blast furnaces.
Meanwhile, the company has placed orders on Outokumpu and L&T for setting up a two million tonne sinster plant. By 2008, the companys total hot metal production would touch 7.5 million tonne, the statement added.