Tata Steel-SAIL JV to get coal mine blocks soon: Tata

The S&T Mining Company, a 50:50 joint venture between Tata Steel and Steel Authority of India, is set to get coal blocks soon.

Kolkata: The S&T Mining Company, a 50:50 joint venture between Tata Steel and Steel Authority of India, is set to get coal blocks soon.
     
''The JV with SAIL on coal assets is well on track and the company is expected to get coal blocks shortly in eastern region,'' Tata Steel chief financial officer Kaushik Chatterjee told PTI.
     
In 2008, both the companies formed a JV to acquire and develop coal mines in India.
     
Tata Steel is striving hard for raw material security both in India and abroad for its European operation.
     
In India, the company has around 50 percent of its captive coking coal requirement and 100 percent that of iron-ore.

PTI

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