SAIL looking for partners for steel production in Afghanistan

Posted By: Religare
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SAIL looking for partners in Afghanistan
Steel Authority of India Ltd. (SAIL) has planned to establish steel plant in Afghanistan and looking for potential partners.

Hajigak iron ore mine in Afghanistan is open for bidding from Indian and international companies for extraction. But the plan of opening 3 million tonne of steel plant will add sweetness to the proposal.

SAIL is now in the process of finding the appropriate partner for the development of the iron ore mine and steel production. The company is in talk with state owned RINL and NMDC.

The total investment in the Hajigal mines is to the tune of Rs. 14,000 crore. So, SAIL wants to work with local steel and allied companies and may look for international partners for technical assistance.

The collaboration of SAIL with local miner NDMC will remove any ambiguity in the deal and will ward off any competition between the companies.

Read more about: steel, metal, bse, nse
Story first published: Tuesday, May 24, 2011, 13:40 [IST]
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