HT Image
HT Image

Tata gets nod for 3.5 billion steel plant in Vietnam

The communist government says India's Tata Steel can go ahead with plans to build the mega budget steel plant with a local partner.
PTI | By HT Correspondent, Hanoi
UPDATED ON MAY 22, 2007 04:46 PM IST

Vietnam has given India's Tata Steel Ltd approval to go ahead with plans to build a 3.5 billion dollar steel plant with a local partner, the communist government said on its website on Tuesday.

Prime Minister Nguyen Tan Dung has allowed state-run Vietnam Steel Corporation to sign a memorandum of understanding with the Indian investor on the project in central Ha Tinh province, said the online report.

The complex is expected to have a capacity of 4.5 million tons a year, using raw materials from the Thach Khe iron mine, it said.

SHARE THIS ARTICLE ON
Close
SHARE
Story Saved
OPEN APP