Tata Steel Update by Epic Research

Tata Steel has closed its 50,000 tonnes per annum ferroalloys plant at Bamnipal in Keonjhar district of Odisha on account of unavailability of raw material. The raw material crisis is precipitated by closure of the company’s Sukinda chrome ore mines, where the work has been suspended since 17th May, this year, because of non-renewal of lease.



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Posted in: Indian Market Tips