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Tata Steel shuts Odisha plant due to raw material crunch

India TV News Desk August 09, 2014 16:36 IST
India TV News Desk
New Delhi: Tata Steel Ltd has shut down one of its ferro alloys plants in Odisha because of raw material shortage. In a statement the company said the suspension in production is due to a raw material shortage linked to the suspension of a mining license.

Tata Steel sourced ore for the 50,000 tonne-per-year Bamnipal plant from its captive chromite mine in Sukinda, operations of which were suspended in May.

The suspension of operations at Sukinda and Bamnipal would mean more than 6,000 job cuts, the company said.