Tata Steel’s arm completes mining lease execution in Odisha

02 Jul 2020 Evaluate
Tata Steel Mining (TSML), a 100% subsidiary of Tata Steel, has successfully completed the mining lease execution for two leases namely Kamarda Chromite Mine and Saruabil Chromite Mine in Jajpur district in Odisha on June 26, 2020.

These mines were auctioned by the Government of Odisha and the leases are granted for a period of 50 years. Among the commercial leases expired on Mar 31, 2020, and auctioned, these are the first leases to be converted into mining leases, across India.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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