SAIL plans $8 bn investment in Chhattisgarh

Written By Unknown on Jumat, 02 November 2012 | 18.00

Fri, Nov 02, 2012 at 16:26

State-owned steel major SAIL today said it plans to invest USD 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.

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SAIL plans $8 bn investment in Chhattisgarh

State-owned steel major SAIL today said it plans to invest USD 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.

Like this story, share it with millions of investors on M3

SAIL plans $8 bn investment in Chhattisgarh

State-owned steel major SAIL today said it plans to invest USD 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline.

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State-owned steel major SAIL today said it plans to invest USD 8 billion (around Rs 42,000 crore) in Chhattisgarh, but did not share the timeline. "We have already invested USD 12 billion in the state and another USD 8 billion is in the pipeline," CMD SAIL CS Verma said while addressing a gathering at Global Investors Meet.

SAIL also plans to enhance the capacity of its Bhilai steel plant from 4 million tonnes per annum (MTPA) to 10 MTPA. "We are expanding the capacity of Bhilai plant from 4 MTPA to 7.5 MTPA and further 10 MTPA," Verma said without divulging any timeline for the proposal.


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