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Tata Steel arm signs MoU with Jindal Stainless for utilising chrome ore in Sukinda
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Both the companies would now initiate steps to get necessary statutory approvals from concerned authorities before jointly starting mining operations.
AFP
Tata Steel s mining company, Tata Steel Mining Limited (TSML) and
Jindal Stainless Limited (JSL) signed a memorandum of understanding (MoU) to jointly utilise chrome ore locked up in the boundary between their mines located in Sukinda of Jajpur district, Odisha.
“This is a very unique collaboration where JSL & TSML will derive maximum value from a joint mining effort. This effort will enhance the availability of ore in the region without any adverse environmental impact, as it s an already explored area, said Abhyuday Jindal, Managing Director, Jindal Stainless Limited.