Steel Authority of India (SAIL) is considering locations in three states of Gujarat, Andhra Pradesh and Maharashtra for set up Rs 5,000 crore autograde steel plant. The company will set up this plant in joint venture with ArcelorMittal. The proposed plant would be set up in one of these three states.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.