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INCAB: BIFR Ruling goes in Favour of Tata Steel

Jamshedpur, December 09, 2009

The revival proposal submitted by Tata Steel to BIFR for INCAB has been accepted over two parties – RR Cables and Pegasus. BIFR has asked Tata Steel to prepare a fully tied up DRS proposal for the Company and submit within a time span of 2½ months. The direction by BIFR is in view of the unemployed workers of INCAB which has been lying closed for about ten years now, causing immense hardship to the workers.

It is with this view that Tata Steel has been considered as the best choice to take care of the workers and ensure their well-being.
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