Tata Steel, Iranian co form JV
Business India — June 22, 2005

Tata Steel has signed a joint venture agreement with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to participate in its proposed steel-making projects and mining operations in Iran. M. Moazenzadeh, chairman, IMIDRO and B. Muthuraman, managing director, Tata Steel signed the agreement in Tehran last fortnight, an official statement said. Tata Steel will partner IMIDRO in establishing a 1.5 million tonnes per annum (mtpa) steel slab-making facility, 1.5 mtpa of steel billet-making capacity, and a separate three mtpa export-oriented steel plant.