Close on the eve of bid by Tata Motors to take over international Jaguar and Land Rover, Tata Steel took another major step towards brownfield expansion of its works at Jamshedpur.
Reports said the project, once completed by December 2010, would make Jamshedpur the single largest unit and one of the most efficient steel plants in the world by doubling its present capacity from five million tones per annum.The groundbreaking ceremony for the expansion project was conducted at Jamshedpur on Monday.
The project was said to be linked to Tata group's objective of growth and globalisation as the company was also making steady progress on its three greenfield steel projects in Jharkhand, Orissa and Chhattisgarh, to add 23 million tonnes to its present capacity.
Besides, it also plans to set up steel making capacities in Vietnam, Iran and Bangladesh in the near future.
