SAIL to Set Up 6 Million In झारखण्ड

The media had reports that Steel Authority Of India Ltd. may set up a 6 million tonne greenfield steel plant in Jharkhand, with an investment of Rs 18,000 crore.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Steel Authority Of India Ltd. has vide its letter inter-alia stated, "The subject of setting up of green field steel plants has been talked in the context of projected growth plan to increase its capacity upto 24 MT by 2010. In the line with the market prospect beyond 2010, SAIL is planning further growth at existing locations as well as at its new locations. The amount of such investments has not been finalized. Growth at new locations is also being planned at green field sites. One such project being conceptualized, is in the state of Jharkhand. For the same, a technical consultant, M/s MECON is being appointed to prepare a feasibility report to identify the proper location and its feasibility. It is estimated that capacity of such plant will be in the range of 6 MT initially to be expanded further. The final decision will be taken after availability of report from the consultant." -- www.nseindia.com

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