Tata Steel signs a business cooperation agreement with MN Dastur & Co.
Bangalore, April 2023: Tata Steel has signed a business cooperation agreement with MN Dastur & Company Pvt. Ltd. to complement capabilities in delivering end-to-end services from exploration of mineral reserves to Bankable Feasibility studies and detailed project reports with support in the area of engineering and infrastructure. MN Dastur shall also work with Tata Steel to deliver integrated projects spanning various minerals and geographies.
On the alliance, D.B Sundara Ramam, Vice President, Raw Materials, Tata Steel said: “We are in the mining business for more than a century with the Natural Resource Division of Tata Steel providing various exploration & mine planning services to our captive mines for sustainable mining. In the last 18 months, we have started offering our mine technical services commercially through Tata Steel Industrial Consulting to the mining industry outside Tata Steel. This agreement with M N Dastur & Company will complement our capabilities & capacities, especially in the area of mine infrastructure planning and preparation of bankable feasibility reports. Together with M N Dastur and our other esteemed business partners, we intend to raise the standards of such services in India in particular and internationally in general for more scientific and sustainable mine development.”
Tata Steel is the oldest and the largest private-sector player in mining in India. It has been in the mining space for more than a century and is operating a number of mines in iron ore, manganese, chromite, and coal. It brings deep knowledge and experience in mineral exploration, mine planning, scientific mining operations, and mineral processing.
Abhijit Ray, General Manager of Business Development of M N Dastur & Company said: “We are pleased to start working in collaboration with Tata Steel to deliver mine infrastructure planning and downstream mineral processing and engineering services. Together with Tata Steel and its partners in the area of mine technical services, we can provide integrated end-to-end services covering all aspects of mine planning and mine infrastructure planning including pre-feasibility and feasibility studies.”