18
Sep
20:24
Tata Steel progresses in Indian port development project
Tata Steel has acquired a majority equity stake in an Indian port developer as part of a project to acquire better control of its own logistics in the country, Kallanish notes.
The steelmaker confirms that it has taken a 51% share in Creative Port Development Private Limited (CPDPL). The move relates to the proposed development of Subarnarekha Port in the Balasore district of Odisha. Tata wants to develop a deep-draft port facility in the state, a move whic…
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Anonymous
Very good overview of the weekly steel market.
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