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tata steel prefers early stage mine investment

Monday 4th Jul 2011 1353

Mumbai : Tata Steel said it would continue its policy of investing in the early stage of a mine,rather than putting in a huge sum in a developed one.

In the backdrop of rising raw material prices,Tata's plan of action might not bring in an immediate on company's bottomline,but in the long-run,the strategy would bear fruit as assets are becoming dearer in the wake of scarity.

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