Recess in Bolivian Senate will delay JSPL project
A recess in proceedings of the Bolivian Senate will delay Jindal Steel and Power Limited's (JSPL) steel and iron ore projects in the South American country.
By PTI |
NEW DELHI: A recess in proceedings of the Bolivian Senate will delay Jindal Steel and Power Limited's (JSPL) steel and iron ore projects in the South American country.
"A recess in the proceedings of the Bolivian Senate will delay even more the ratification of the joint venture signed between Indian JSPL and the local government to develop iron ore mines and steelworks at El Mtun," Steel Business Briefing (SBB) reported.
"The House has no sessions this week and will not start its scrutiny of the contract until next Tuesday," it said.
The deal will be discussed by one or two commissions before being voted by the plenary, it said and quoted Senate's representatives saying that the contract would be meticulously studied by the House.
JSPL has committed to invest 2.1 billion dollars in eight years in the project, it added.
"A recess in the proceedings of the Bolivian Senate will delay even more the ratification of the joint venture signed between Indian JSPL and the local government to develop iron ore mines and steelworks at El Mtun," Steel Business Briefing (SBB) reported.
"The House has no sessions this week and will not start its scrutiny of the contract until next Tuesday," it said.
The deal will be discussed by one or two commissions before being voted by the plenary, it said and quoted Senate's representatives saying that the contract would be meticulously studied by the House.
JSPL has committed to invest 2.1 billion dollars in eight years in the project, it added.
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