Tata Steel Might Begin Selling Iron Ore to Outside Customers
08/29/2019 - Tata Steel, already India’s second-largest iron ore producer, is weighing a potential move into merchant iron ore and coal mining as a new business line, reports The (India) Telegraph newspaper.
“It is important for us to look at mining as an area. This is what we are evaluating just now to see how we can get into mining as a business and focusing on India,” Tata Steel executive director and chief financial officer Koushik Chatterjee told investors during Tata Steel subsidiary Tata Metaliks’ annual meeting, according to The Telegraph.
The Telegraph has more here.
