Tata Steel Mining and Jindal Stainless will jointly mine chrome ore in Odisha

New Delhi: Tata Steel Mining Limited (TSML), a 100 percent subsidiary of Tata Steel Limited and Jindal Stainless Limited (JSL) have signed a memorandum of understanding (MoU) on July 16 to jointly unearth the chrome ore locked up in the boundary between their mines located in Sukinda of Jajpur district in Odisha. The MoU was signed at Bhubaneswar by TSML’s Managing Director (MD) MC Thomas and JSL’s Vice President (Projects) Shashibhushan Upadhyay. JSL’s Chairman Ratan Jindal, JSL’s Managing Director Abhyuday Jindal and other senior officials from both companies had joined virtually for this special occasion.

“This unique partnership sets an example for sustainable chrome ore mining in an innovative manner. This is a win-win-win partnership for the state of Odisha, TSML and JSL. This would help the conservation of chromite ore which otherwise would have been left unmined forever. Both the companies would now initiate steps to get necessary statutory approvals from concerned authorities before jointly starting mining operations,” said Jindal Stainless in an official press statement.