Tata Steel arm signs MoU with Jindal Stainless for utilising

Tata Steel arm signs MoU with Jindal Stainless for utilising chrome ore in Sukinda


Tata Steel arm signs MoU with Jindal Stainless for utilising chrome ore in Sukinda
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Synopsis
Both the companies would now initiate steps to get necessary statutory approvals from concerned authorities before jointly starting mining operations.
AFP
Tata Steel's mining company, Tata Steel Mining Limited (TSML) and
Jindal Stainless Limited (JSL) signed a memorandum of understanding (MoU) to jointly utilise chrome ore locked up in the boundary between their mines located in Sukinda of Jajpur district, Odisha.
“This is a very unique collaboration where JSL & TSML will derive maximum value from a joint mining effort. This effort will enhance the availability of ore in the region without any adverse environmental impact, as it's an already explored area," said Abhyuday Jindal, Managing Director, Jindal Stainless Limited.

Related Keywords

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