The Government of Jharkhand and Tata Steel Limited
signed four separate Memorandums of Understanding (MoUs) on relating to the setting up new
greenfield steel capacity and enhancement of capacity of the Jamshedpur Works as well as
development of the State's skilled technical manpower on September 8, 2005.
| 1 |
Setting up a 12-million tonnes per annum greenfield integrated steel
plant in the Manoharpur and Seraikella areas of Jharkhand. |
| 2 |
Expansion of Tata Steel's existing plant at Jamshedpur
from 5 million tonnes per annum to 10 million tonnes per annum. |
| 3 |
Co-operation in the area of Human Resource Development
through Polytechnic. |
| 4 |
Co-operation in the area of Human Resource Development through Industrial
Training Institutes ( ITI) |
The MoUs were signed in the presence of Shri Arjun
Munda, Hon'ble Chief Minister of Jharkhand, Mr Ratan Tata, Chairman, Tata Sons Limited,
Cabinet Ministers and other important government dignitaries and senior officials of Tata
Steel at a function held at the Chief Ministers residence in Ranchi. The MoUs were signed
by Mr. P P Sharma, Chief Secretary, Government of Jharkhand on behalf of the State
Government and by Mr. B. Muthuraman, Managing Director, Tata Steel Limited.
According to the MoU, the 12 million tonnes per annum greenfield
integrated steel plant will be set up in two phases. The first phase of 6 million tonnes
per annum is likely to be setup within 36 months to 54 months from the date of obtaining
all statutory clearances. The project will also include the development of iron ore mines
and other raw materials sources including coal and logistic linkages for this plant.
The MoU for the expansion of the Jamshedpur works from the present 5
million tonnes per annum to 10 million tonnes per annum is also expected to be undertaken
in two phases. The first phase of expansion to 7 million tonnes is already underway. The
order for the key equipments has been placed and the current phase of the expansion is
expected to be completed by 2008.
Government of Jharkhand and Tata Steel have also entered into two MOUs
to cooperate in the field of Human Resource Development with an objective to impart
technical and job oriented training to the youth of the state through up gradation of
polytechnics and Industrial Training Institutes through expert assistance. These
initiatives in the field of human resources development will enhance the availability of
skilled technical manpower in the State and will increase the employability of the youth
of Jharkhand and bring them into the mainstream of industrial development of the state.
Speaking on the occasion, Mr. Muthuraman said, "We have been
present in the State since our inception and the signing of these MoUs reaffirms our
commitment towards the development of the State. The new integrated steel plant and the
expansion of the Jamshedpur steel plant will give further impetus to the industrialization
of the State. The MoU for cooperation in the field of Human Resource Development in the
State and Tata Steel's commitment towards the State's unique Health Insurance Scheme for
those living the Below the Poverty Line are in line with our belief that the 'community'
is the purpose of an enterprise".
Established in 1907 by its Founder J N Tata, Tata Steel is the flagship
of Tata Group, the most trusted corporate name in the country. It has one of the most
modern steel making facilities and is also one of the lowest cost producers of steel in
the world. It currently produces 5 million tonnes of steel per annum at its Jamshedpur
plant and has recently invested in NatSteel Asia , which has a capacity of about 2 million
tonnes per annum of finished steel. The steel company is focused on the sophisticated
automobile and the construction sectors. A benchmark in corporate social responsibility
and corporate governance, it believes in improving the quality of life of its employees
and the communities it serves.
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