January 7, 2020 | |
The Secretary, Listing Department | The Manager, Listing Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, 5th Floor, Plot C/1 |
Dalal Street, | G Block, Bandra Kurla Complex, Bandra East |
Mumbai - 400 001, India | Mumbai - 400 051, India |
Scrip Code: 500470/890144 | Scrip Code: TATASTEEL/TATASTEELPP |
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.
Thanking you.
Yours faithfully,
Tata Steel Limited
Parvatheesam Kanchinadham
Company Secretary &
Chief Legal Officer (Corporate & Compliance)
Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India
Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com
Corporate Identity Number L27100MH1907PLC000260
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Tata Steel Ltd. published this content on 07 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2020 18:17:03 UTC