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Moneycontrol.com >> Messageboard >> Stocks >> Tata Steel >> Invests 5bn $ in Vietnam
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Invests 5bn $ in Vietnam (1)   08-Nov-09 13:00Track this thread   Tracked by (0)  
Posted by:   rvk41 on ( 08-Nov-09 13:00 )
Price : BSE: Rs 499.70 ( 3.08 % ), NSE: Rs. 499.80 ( 2.89 % )
Tata Steel will finally get alternative land in Vietnam for building a 4.5 million ton a year steel plant with an investment of USD 5 billion, reports Business Standard.

The board of Vung Anh Economic Park has proposed allocation of 725 hectares to Tata Steel (Q,N,C,F)* and its Vietnamese partners in the central province of Ha Tinh.

The Indian steel maker has a 65% stake in the venture, while Vietnam`s Steel Corporation and Vietnam Cement Industries Corporation hold 30% and 5%, respectively. Under the terms, the steel venture was supposed to get a 30% stake in the Thach Khe iron ore mines.

For information,with regards
rvk41


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