SAIL looks for locations in AP, Guj and Maha to set up steel plant

Union Steel Minister Chaudhary Birender Singh has said steel PSU SAIL is considering locations in three states- Gujarat, Andhra Pradesh and Maharashtra- to set up Rs 50-billion auto-grade steel plant in joint venture with ArcelorMittal.

He said: “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.”

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

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

“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 of JV,” he said further.

Image Credit : bsmedia.business-standard.com

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