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Tata, SAIL form JV to mine coal

PUBLISHED ON: January 4, 2008 | Duration: 2 min, 16 sec

  
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The state-owned Steel Authority of India Ltd (SAIL) and Tata Steel will jointly undertake coal mining in India. They agreed here Thursday to set up a joint venture company for this purpose. "SAIL and Tata Steel Ltd signed an agreement at New Delhi on January 3 to establish a 50:50 joint venture (JV) company for coal mining in India," Tata Steel informed the Bombay Stock Exchange.
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