tata Steel on the moveTata Group's steel manufacturing arm, Tata...

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alecfra

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19/06/23

00:05

Post #: 68349702
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Originally posted by Therookie88: ↑

SMS were involved in the test work and process design for TNGs "Mount Peake" project it's since been proven unviable with material commercial defincies hence they bought out KRRs resource and rebranded TVN and have started again with KRRs old resource that they couldn't find viable either after a few years of trying.

TIV are now working with the CSIRO on the new process flowsheet it appears to me SMS are nowhere near as involved as they were with failed mount peake, to date they have invested in 1.2m in TNG and that was years ago. well and truly made there return off OFF TNG in years and years of test work and waisted studies.

I'd consider this zero threat to TMT and TATA.

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tata Steel on the move
Tata Group's steel manufacturing arm, Tata Steel, isplanning a consolidated capital expenditure (capex) of Rs 16,000 crore for itsdomestic and global operations during the current financial year, reported PTI,citing the company's CEO & MD T V Narendran and Executive Director &CFO Koushik Chatterjee.

The company is in process of expanding capacity of itsplant at Kalinganagar, in Odisha to 8 MT from 3 MT.

Read more at:
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-plans-rs-16000-cr-consolidated-capex-in-fy24/articleshow/101080113.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

TMT Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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tata Steel on the moveTata Group's steel manufacturing arm, Tata...

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