Tata steel has got another breather as the Chhattisgarh government has renewed the Memorandum of Understanding (MoU) it had signed for setting up a mega steel plant in Bastar region for the third time.

The steel major is setting up a 5.5 Million Tonne Per Annum (MTPA) Greenfield integrated steel plant in Lohandiguda area of Bastar district. The company has inked a Memorandum of Understanding (MoU) with the Chhattisgarh Government in on June 6, 2005. The MoU was valid for three years.