Peace pipe News
NMDC smokes the peace pipe with Tata Steel
In 2007, India’s largest iron ore producer, NMDC, dragged Tata Steel and Essar Steel to court over allotment of prospecting licences in the rich Bailadila deposits in Chhattisgarh. Three years later, with a memorandum of understanding for an alliance in minerals and steel already inked with Tata Steel, parleys are being held for a possible settlement of the dispute.
Consider the arrangement:
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