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A proposed steel complex with an estimated capacity
of 4.5 million tonnes per year.
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A proposed steel complex with an estimated capacity
of 4.5 million tonnes per year. |
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Tata Steel signed an MoU with Vietnam Steel
Corporation (VSC) on May 29, 2008 to develop a steel
complex in Ha Tinh. Another MOU was signed to set up a
cold rolling mill in Ha Tinh province. |
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Tata Steel is partnering with VSC in establishing a
steel complex in Ha Tinh province which will be phased
over 10 years. |
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On the successful completion of the study
and financial closure, Tata Steel will have a stake of
minimum 65% & VSC will have a stake of 35% in the Steel
complex. |
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Tata Steel will also have a stake of 30% in Thach
Khe Iron Ore Joint Stock Company which would undertake
mining in the Thach Khe iron ore mine.
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Tata Steel, in co-operation with VSC, has undertaken
a feasibility study for the Steel Project.
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