Tata Steel has revived its mega Rs2,500-crore project
to produce titanium di-oxide from ilmenite. The company
has signed a fresh memorandum (MoU) with the Tamil Nadu
government for mining beach sands of Tirunelveli and Tuticorin
districts in south Tamil Nadu.
Steel managing director B Muthuraman and Tamil Nadu industries
secretary Shakthikanda Das signed the MoU in the presence
of chief minister M Karunanidhi and Tata Group chairman
Ratan Tata at the secretariat in Chennai.
original MoU was signed in 2002 during the previous AIADMK
government but the project did not take off in the last
is a significant project for Tata in Tamil Nadu. The project
will create considerable employment opportunities,"
Ratan Tata said after signing the MoU.
project for converting ilmenite present on the surface
of land to titanium-di-oxide will be implemented over
a period of six years, said Muthuraman.
is used as a base for pigments in paint industry.
present, Muthuraman said, India was importing about 70,000
tonnes of titanium-di-oxide every year, as there was only
one manufacturer as of now.
project will be serving India''s needs, besides helping
in the development of Tamil Nadu. It will prove to be
a boon to the local population especially in drought-prone
areas where agriculture is not the main source of income,"