Business   

Tisco's initiative in ore exports

By Our Staff Correspondent

KOLKATA OCT. 21. Tata Steel is taking full advantage of the current global demand for metalics especially iron ore.

The company, which ventured into commercial exploitation of its ore mining facility, hopes to export five lakh tonnes of ore this fiscal. Needless to say that most of the exports will be directed to China, boosting the global demand for steel.

Stating that the first batch of such shipments of over 22,000 tonnes had already been despatched from the Paradip port, sources said that exports would be enhanced in the following years.

TM International Logistics, a joint venture between Tata Steel and Martrade Holding HmbH of Germany, formed to undertake port operations of the group, will be handling the ore cargo.

Tata Steel has already planned to invest about Rs. 75 crores to enhance production by three million tonnes.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Entry level: Maruti will retain its dominance
• Sales Tax Act to be amended
• Microsoft unveils Office 2003
• Sensex crashes by 96 points
• Rupee gains against $
• Biocon to raise $100 m
• India's gesture to Bangla cement exporters
• Indian Rayon profit up
• JISCO board nod for JVSL merger
• Syndicate Bank pays 10 p.c. interim
• HM cuts Lancer price
• Development Credit Bank to expand capital
• Metro Tyres launches two-wheeler tyres
• IOB first half profit jumps to Rs. 293 cr.
• Tisco's initiative in ore exports
• Nicholas Piramal Q2 net up
• Stock Market Index
• Exchange rates
• Bullion rates
• Small tea growers plan Umbrella Forum
• Panel for debt revamp of textile mills
• NTC bonus talks to continue
• Chamber welcomes CM's action plan

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu