Final bid expected to be placed in a fortnight.
Chennai is vibrant with activity across all sectors but demand from the information technology sector was emerging as the key factor driving demand and leading to a visible increase in the real estate activity.
Sandipan Chakravortty, managing director, said the facility would have a capacity of half a million tonne, with construction to be completed within nine months of land being handed over to the company.
Tata Steel has set up a "Tata Steel Pariwar," under which every displaced family becomes a part of the "Pariwar."
The minister said he was against "blanket privatisation of the railway system but the private sector was being encouraged to participate with the railways in the development of its non-core activities."
The battle for Corus is expected to take a decisive shift this week, with the pension trustees of the Anglo-Dutch steel company expected to meet the representatives of Brazil's CSN to understand its commitment to the workers' pension.
Tata Steel is bracing to deliver what investment bankers say will be a knockout punch to its competitor, Brazil's Companhia Siderurgica Nacional
Steel Authority of India Ltd, the country's largest steel company, plans to float an overseas subsidiary to pursue its foreign expansion.
Company says no project in Jharkhand without allotment of SAIL-owned Chiria mines.
The Tata Steel board will meet shortly to take stock of the situation arising out of Brazilian steel-maker Companhia Siderurgica Nacional's move
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