Advertisement

HindustanTimes Thu,18 Sep 2014

Tata Steel shuts Odisha plant due to raw material crunch

Reuters  Bhubaneswar, August 09, 2014
First Published: 13:16 IST(9/8/2014) | Last Updated: 13:19 IST(9/8/2014)

India's Tata Steel Ltd has shut down one of its ferro alloys plants in the eastern Indian state of Odisha due to a raw material shortage linked to the suspension of a mining license, the company said in a statement late on Friday.

Tata Steel sourced ore for the 50,000 tonne-per-year Bamnipal plant from its captive chromite mine in Sukinda, operations of which were suspended in May.

The plant was run with available inventory before being shut on Aug. 4. The suspension of operations at Sukinda and Bamnipal would mean more than 6,000 job cuts, the company said.


Advertisement
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved