Jakarta (ANTARA News/Asia Pulse) - Indian steel giant Tata Steel Ltd (BSE:500470) looks set to go ahead with plan to build upstream steel plant in Indonesia's South Kalimantan with an investment estimated to reach US$1 billion, an official said.
Tata continues to study possible investment in a factory with an annual production capacity of 1 million tons of upstream steel materials in that province, Metal, Textile Machine and Multifarious Industries Director General Ansari Bukhari said.
Bukhari said Tata leaders are scheduled to meet the South Kalimantan governor and leaders of district areas as well as holders of iron ore mining license in that province.
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