SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
SAIL on Friday said it is investing Rs 10,000 crore for modernisation and expansion of its Rourkela steel plant.
By PTI |
ROURKELA: As steel major - POSCO - plans to set up a 12 MTPA project in Orissa, SAIL on Friday said it is investing Rs 10,000 crore for modernisation and expansion of its Rourkela steel plant.
Union Steel Minister Ram Vilas Paswan said on the sidelines of foundation-laying of the plant's expansion, "The Steel Authority of India Ltd has signed MoU for only technical cooperation with the POSCO for better coordination."
Referring to the merger of Nilachal Ispat Nigam Ltd of Orissa with SAIL, the steel minister said it required clearance from the state government and after the formalities, there would be no problem for the SAIL to go ahead with the plan.
Paswan said he would speak to the Orissa Chief Minister Naveen Patnaik for pending renewal of the mining lease of mines in the state.
As the production after modernisation and expansion of the Rourkela steel plant would increase, the SAIL required more mines and oars, he said.
Union Steel Minister Ram Vilas Paswan said on the sidelines of foundation-laying of the plant's expansion, "The Steel Authority of India Ltd has signed MoU for only technical cooperation with the POSCO for better coordination."
Referring to the merger of Nilachal Ispat Nigam Ltd of Orissa with SAIL, the steel minister said it required clearance from the state government and after the formalities, there would be no problem for the SAIL to go ahead with the plan.
Paswan said he would speak to the Orissa Chief Minister Naveen Patnaik for pending renewal of the mining lease of mines in the state.
As the production after modernisation and expansion of the Rourkela steel plant would increase, the SAIL required more mines and oars, he said.
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