Steel Authority of India (SAIL) will be spending Rs 35,000 crore for setting up of steel plant, power plant and urea plant at Sindri, Dhanbad in Jharkhand state. The company has got 6000 acre land at Sindri where these plants would come up in the next four years.
Out of Rs 35,000 crore the company will spend a total of Rs 25,000 crore on a new 5.6 million tonne steel plant while Rs 5,000 crore will be spent each on a 1000 MW power plant and 1.1 tonne urea plant. Upon commencement of these plants over 20,000 people will be directly and indirectly employed.
The company’s production rose by 7% in August 2012 and stood at 1.16 million tonnes (MT) compared to the corresponding period of last year.
