SAIL to soon take call on setting up steel plant in MP
NEW DELHI . SAIL will soon take a call on setting up its second integrated steel plant in Madhya Pradesh at an estimated investment of Rs 20,000 crore.
The proposed new facility, if found economically viable in an ongoing feasibility study, could be set up at Chhatarpur area which has abundant low-grade iron ore, an official source said. SAIL already has a manufacturing base in Bhilai.
The proposal for setting up a greenfield steel plant was mooted by Madhya Pradesh Chief Minister Shivraj Singh Chauhan at a recent meeting here in which Steel and Mines Minister Narendra Singh Tomar and SAIL Chairman C S Verma were also present. Madhya Pradesh is home state of Tomar.
A decision on capacity of the proposed plant and technology to be used would be taken after approval of the detailed project report (DPR) by the board of Maharatna firm, the source said.
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