The long-pending project of Tata Iron and Steel Company to set up a ferro-chrome smelter plant at Richards Bay in South Africa may be delayed as local residents voice their objections to the plan over environmental issues.
The broad market depicted strength. 1,525 shares rose and 1,131 shares fell. A total of 156 shares remained unchanged
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Industry demands the basic customs duty on all steel imports to be raised to 25%