Tata Steel inks JV agreement with Oman firm

New Delhi, Jan 16: World's sixth largest steelmaker Tata Steel Ltd today sait it has inked a joint venture agreement with Oman-based Al Bahja Group for mining of limestone deposits in the west asian region.

Tata Steel will be holding 70 per cent stake in the new company named AL Rimal Mining LLC (ARML) through its subsidiary, TS Global Minerals Holdings Pte Ltd. The project envisages mining of limestone in the Uyun region which lies in the Salalah province of Oman and has large deposits of limestone, the company said in a statement.

UNI