Wednesday, March 22 2006 15:37 Hrs (IST) - World Time -

New Delhi: Tata Steel today(Mar 22,2006) said its proposed 2.4 million tonne steel plant in Bangladesh was on track and hoped to settle all outstanding issues with Dhaka soon.

The plant was scheduled to be completed in 2007.

"Negotiations are on about the gas pricing and we are very happy with the positive attitude of Bangladesh government. We hope to start work on the Rs 6,000 crore project this year," B Muthuraman, MD, Tata Steel told reporters.

Last year, there were reports that the Tatas and the Bangladesh government had not agreed on some contentious issues, which were delaying the investment.