SAIL has set up its first joint venture conversion unit at Billowa in Madhya Pradesh. The unit will convert 60,000 tonnes of billets supplied by SAIL into one lakh tonnes TMT bar and rods. The majority partner Prime Gold holds 74 per and SAIL has 26 per cent. The unit has been set up with a combined investment of Rs 60 crore.
Extracted from HBL,Aug 17,’15