Tata Steel has chalked out an expansion plan of Rs 5,700 crore for the next
fiscal (2010-2011). Around 70 per cent of the funds (Rs 3,700 crore) will be
earmarked for domestic expansion.
The company plans to expand capacity from 6.8 to 10 million tonne at
Jamshedpur in Jharkhand by August 2011. To support this expansion, the company
is also raising annual iron ore production by 55 per cent to 17 million tonne
over the next two years at an outlay of Rs 1,100 crore.
In its overseas projects, the company plans to develop iron ore and coal
mines in Canada and Mozambique through two JVs. It also plans to develop a mini
blast furnace under its Thailand subsidiary.
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