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PTI quoted TATA Steel as saying that its 6 million tonne Odisha steel project is on track and the Phase I of project is expected to commission by January to March quarter of 2014 to 2015.

Mr TV Narendran MD of TATA Steel India said that "The work is progressing well. We are on schedule with the construction work at the plant. We should start production by the Q4 (January to March) of the current fiscal."

The plant, situated at Kalinganagar, is divided into two units of 3 million tonnes each and will produce flat steel products for the automobile industry.

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TrueForge
Metal Rate
31 Aug, 2014
Zn
2399
Ni
18760
Sn
22925
Al
2016
Cu
7135
Source: LME.co.uk
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Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
31 Jul, 2014
BDI
755
BCI
1195
BPI
619
BSI
716
Source: DryShips.com
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01 Aug, 2014
USD
1.0000
AUD
1.0763
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2.2635
CAD
1.0920
CNY
6.1750
EUR
0.7472
GBP
0.5928
INR
60.8217
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102.9380
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35.7595
ZAR
10.7142
Source: http://www.xe.com