India's central government has today approved a prospecting license for Tata Metaliks for iron ore mines in Maharashtra state.
" Government of Maharashtra has conveyed approval of the Central Government. For grant of prospecting license for iron ore over an area of 154.80 hectares in village Dongarpal, Sindhudurg in Maharashtra for a period of two years," the company said in a filing to the Bombay Stock Exchange.
Tata Metaliks is India's largest pig iron producer and has plants at Kharagpur in West Bengal and Redi in Maharashtra with a combined annual capacity of 650,000 tonnes of pig iron.
It is also in the process of setting up a 6,000,000 tonne sinter plant at Kharagpur. In Karnataka it has received state go-ahead for an iron and steel plant in Haveri.
The proposed sinter plant is expected to commission by March 2010 while the time-frame for the steel plant has not yet decided.
Source: Indopia
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