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REG - Tata Steel Limited - Tata Steel Limited - Announcement





 




RNS Number : 0331Z
Tata Steel Limited
07 January 2020
 

January 7, 2020

 

London Stock Exchange

London

 

Dear Madam, Sir,

 

Sub:    Issue of Letter of Intent to T S Alloys Limited, a wholly-owned subsidiary of
Tata Steel Limited, for grant
of mining lease for Saruabil block for chromite ore

 

This has reference to our letter dated October 24, 2019, clarifying the participation of the Company and its subsidiary company in the e-auction process held by the Government of Odisha, for the chromite mine, currently held by M/s Misrilall Mines Private Limited.

 

The Government of Odisha had undertaken an auction process for the grant of mining lease for the Saruabil Chromite mining block. We have been informed that, the Government of Odisha has issued to T S Alloys Limited, a wholly-owned subsidiary of the Company,
a Letter of Intent dated January 6, 2020, as the Successful Bidder for grant of mining lease for
50 years, subject to fulfilment of certain conditions.

 

This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

 

 


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