Date:2013-05-27 16:04
Tata Steel is planning to begin production from one of its iron ore projects in Canada by year-end, a move that will boost raw material supplies to its European operations.
As per the plan, production from Direct Shipping Ore (DSO) Project, in which Tata Steel holds 80 per cent stake, is expected to begin during the October-December quarter. A target of 1 million tonnes (MT) of iron ore has been kept for the current fiscal.
The production will be ramped up to over 3 MT in 2014-15, Tata Steel sa