Our Corporate Bureau in Mumbai
Tata Steel and engineering major Larsen & Toubro (L&T) have zeroed in on Dhamra as the location for their proposed port project in Orissa. The project is likely to be a 50:50 joint venture.
A senior L&T executive said, "We are setting up a port at Dhamra in Orissa in partnership with Tata Steel. The cost of the project has been pegged at around Rs 1,200 crore."
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