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Tata Steel to continue work on Dhamra port project

Tata Steel to continue work on Dhamra port project

Mumbai: Leading Indian steel producer Tata Steel has denounced a "forged statement" released to the media that revealed plans to suspend construction work on the Dhamra port project in the Indian state of Orissa.

"Tata Steel has come to understand that a forged statement has been issued to newswire press Trust of India (PTI) stating that the company is planning to halt work at its Dhamra Port project," Tata Steel said in an official release on its website. "The company would like to clarify that this statement is false and has been done with a deliberate intention to malign the company's reputation and hinder the project work. Tata Steel strongly condemns this malicious attempt to stall development initiative at Orissa."

The company reiterated that it is "committed to the socioeconomic prosperity and sustainable development of Orissa and will continue to work with civil society and the government towards the same."

The Dhamra deep-water port project will be capable of accommodating super cape size vessels upon it scheduled completion in April 2010. The port is expected to cater to a number of steel plants in the three states of Orissa, Jharkhand and West Bengal looking to import coking coal and limestone and export finished steel.  [07/08/08]