TISCO to acquire 50% stake in Dhamra port

TISCO to acquire 50% stake in Dhamra port

Indian steel producer Tata Iron and Steel Corporation (TISCO) has recently made a deal with Larsen & Toubro to establish and develop Dhamra port in Orissa. It is stated that TISCO will have 50% stake in the port. TISCO board will take up the project soon. Dhamra port, which will serve for breaking bulk cargo such as iron ore, coking coal and coal, is scheduled to be operational by 2007.