SOURCE: Industrial Info Resources

Industrial Info Resources

January 10, 2011 05:40 ET

Tata Steel Gives Major Boost to Production Capacity in Jharkhand, an Industrial Info News Alert

DELHI, INDIA--(Marketwire - January 10, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Riding high on a resurgent economy, the Indian steel industry has entered a new stage of expansion. Production of steel is expected to rise from 74 million tons per year to 160 million tons per year by 2015. The increased demand for steel, driven by various upcoming infrastructure and manufacturing projects, has led to a surge in investments in the state of Jharkhand, one of the mineral-rich states in India. Tata Steel Limited (BSE:500470) (Mumbai), a pioneer in the Indian steel industry, has major plans to expand its facilities in Jharkhand.

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