TATA IRON & STEEL CO

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The Tata Iron and Steel Company Expansion and Modernization Project will provide the necessary raw materials which will make it possible to produce steel in India at a very low cost. This expansion program consists of four parts: A modernization, and expansion program (known as "MEP'), a program of further expansion (known as the two Million Ton Program or "TMTP'"), designed to increase annual capacity to 2 million tons of ingots and 1.5 million tons of saleable products. The Tata Iron and Steel Co., Ltd. (TISCO) is engaged in an expansion program primarily designed to increase its capacity to produce steel ingots from 1.1 million tons to 2 million tons, and its capacity to produce saleable steel from 780,000 to 1.5 million tons per annum. This project is of high priority, and benefits are very great. The increase in output will provide an important addition to the amount of domestic steel available to meet the needs of India.