Tata Refractories to set up mfg plant in Vizag

Visakhapatnam: Tata Refractories is setting up a plant here at a cost of Rs 80 crore to manufacture high alumina refractories. The decision was taken at the board meeting held at Belpahar in Orissa recently. According to a press release, the company had chosen Visakhapatnam for its logistical advantages.

The release says the company has a five-year plan called Mission – 2000 to achieve turnover of Rs 2,000 crore by 2012-13. The turnover at present is Rs 623 crore. Its main plant is situated at Belpahar, Orissa, and it has got operations in Jamshedpur, Salem, Gujarat, and also in China.