SAIL looks for location in 3 States to set up Rs 5,000 cr autograde steel plant

SAIL looks for location in 3 States to set up Rs 5,000 cr autograde steel plant

SAIL is scouting for locations in three States to set up Rs 5,000-crore autograde steel plant in joint venture with ArcelorMittal.

According to Steel Minister Chaudhary Birender Singh, “SAIL people say that there are three places they can consider for putting up that plant. One is Maharashtra, another one is in Gurajat and third is in Andhra.”

The proposed plant would be set up in one of these three states, he told reporters after the release of the corporate sports policy for central public sector enterprises under the steel ministry.

He said the auto-grade steel plant project with a capacity of 1.5 million tonnes per annum (MTPA) will be scaled to 2.5 MTPA.

He added: “A meeting was held about a month back which was attended by (Lakshmi Niwas) Mittal of ArcelorMittal and SAIL people. In that meeting both the parties agreed on one thing that the details will have to be worked out for finalisation.”

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