December 04, 2008

TATA Steel may set up iron ore pellet plant

The Telegraph reported that TATA Steel plans to set up an 8 million tonne iron ore pellet plant at an investment of over INR 1,000 crore at Jharkhand or Orissa where the company has iron ore mines.

Dr Amit Chatterjee advisor of TATA Steel while speaking at a steel seminar said that TATA Steel would set up the pellet facility near its iron ore mines to make use of the fines generated during the extraction of ore lumps.

TATA Steel had announced in 2004 that it would set up a 4 million tonne pellet plant to ensure a steady supply of feedstock for its proposed steel unit in Bangladesh after the controversy over iron ore exports from the country.