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Business News/ Companies / SAIL, Tata Steel form JV to buy coal blocks
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SAIL, Tata Steel form JV to buy coal blocks

SAIL, Tata Steel form JV to buy coal blocks

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By Reuters

New Delhi: India’s Tata Steel and state-run Steel Authority of India Ltd have formed an equal joint venture to acquire and develop coal blocks in India, the two companies said in a statement on 3 January.

SAIL’s chairman S.K. Roongta and Tata Steel’s managing director B. Muthuraman signed the agreement.

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Published: 03 Jan 2008, 03:17 PM IST
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