TATA Steel wins ET Award for Company of the Year

VietBusinessNews - The Tata Steel Company has recently been named “Company of the Year” by the Economic Times magazine. This prestigious award was received by Mr. B. Muthuraman, Managing Director of Tata Steel by the Honourable Prime Minster of India, Dr. Manmohan Singh at a function organized in Mumbai, India on January 18th.

As one of the world’s largest and most prestigious steel companies, Tata has been present in the Vietnamese market for several years.

In particular, it recently signed a contract for the establishment of a joint venture with two Vietnamese partners, the Vietnam Steel Corporation and the Vietnam Cement Corporation, on August 13th, 2008.

The joint venture project, which is seen as key to the Vietnamese steel sector, aims to construct a steel complex with an enormous capacity of 4.5 million tonnes per year of processed steel products and ore ingots using Vietnamese iron ore from the renowned iron mine of Thach Khe in Ha Tinh Province.

At this point, the joint venture partners are finalizing the paperwork needed to soon start work on the project.