The public sector behemoth Steel Authority of India Ltd. is planning to commence work on the Tasra coking coal project with Lanco Infratech Ltd. against whom a corporate insolvency resolution process has been initiated.
Work is scheduled to begin formally soon and a ceremonial unveiling is scheduled for September 17 the day of Vishwakarma Puja when all factories here observe a tool-down day to commemorate Vishwakarma, the celestial engineer in Hindu mythology.
Tasra is about 25 km from Dhanbad in Jharkhand, and SAIL is pinning its hopes on this project in the Jharia coalfields to part-secure its coking coal requirement.
The project will be developed by Lanco Infratech, a mine development operator (MDO) with whom SAIL had signed an agreemen…
Read the full article at: http://www.thehindu.com/todays-paper/tp-business/sail-to-begin-tasra-project-work-with-lanco/article19701670.ece