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Nava Bharat Ventures Ltd has entered into an agreement with Tata Steel Limited for a period of 4 years commencing from April 2016 for conversion arrangement of Chrome Ore into Ferro Chrome. This is a renewal agreement.
This agreement seeks to facilitate production of up to 70,000 MT of high carbon ferro chrome per annum at its Odisha Ferro Alloy Plant, the company informed BSE.
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