TATA IRON & STEEL CO

closed

The Second Tata Iron and Steel Project will finance a loan to provide the cost of goods and equipment (including spare parts), supplies and services needed for the Project, which consists of the expansion and modernization of Jamshedpur, which will be designed to increase their capacity to about 2,000,000 long tons of steel ingots and 1,500,000 tons of semi-finished and finished steel products. The development of the coal and iron mines, and other related and ancillary works, are also included. India's demand for steel is growing rapidly, and any increase in domestic supplies will bring important savings in foreign exchange. The expansion of the iron and steel industry will therefore be of considerable benefit to the economy as a whole.