Jamshedpur, Jan 1 (UNI) Tata Steel's Managing Director B Muthuraman today said that with the completion of expansion project of 10 million-tonne per annum (MTPA) at Jamshedpur unit by 2010, the steel major would become the best steel plant in the world.
Speaking at a new year's day function here Mr Muthuraman, who performed ground breaking ceremony of the 10 MT inside the works yesterday, said the project would be completed by 2010.
Mr Muthuraman said the year 2007 was very encouraging for the company as it acquired UK-based Corus and emerged the world's sixth largest steel maker in terms of crude steel production with geographic footprints in India, South East Asia, the UK and Europe.
The company's performace was also satisfactory in all departments, he added.
"But despite the remarkable acheivements in the past few years, it's not enough as we are aiming to become one of the best modern steel plants in the world", the MD asserted. Mr Muthuraman said "though there are many challeges involved to emerge as world's best but, I believe this company has intensive potential to achive the goal".
He, however, assured that despite Tata Steel's world-wide presence, Jamshedpur would play as the pivotal role in the future and the foundation would remain here.
Talking about the company's Corporate Social Responsibility (CSR), Mr Muthuraman said to serve the society was the part and parcel of Tata Steel and the company had initiated a number of development projects including expansion of roads, setting up parks and shopping malls in the prime locations of the steel city to provide better facilities to the denizens.
UNI BDG PC RN1745