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SAIL May Set Up 15k-cr Plant in Mongolia

17 Feb 2011 Evaluate

Steel Authority of India (SAIL) will set up a three million tonne per annum (mtpa) plant in Mongolia with an investment of around 15,000 crore, provided that the Asian nation ensures linkages to raw materials to feed the proposed facility. The company will put up a 3 mtpa plant in that country to cater to the need of the land. Mongolia has enough coking coal and iron ore deposits to fuel the proposed steel plant for which around 15,000 crore investment would be required.

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Company Name CMP
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