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SAIL, ArcelorMittal Steel Plant May Be Finalised In May 2017

Industry Metallurgical industries

SAIL along with Arcelor Mittal to form JV to set up an auto-grade steel plant in India. The JV will be finalised in May 2017. The proposed JV will construct world-class facilities that will offer technologically advanced steel products for India's rapidly growing automotive sector. Approximate cost of the plant is Rs. 5,000 crore.

Extracted from ET, May 04,’17

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