31
Aug
11:45
Sail eyes iron ore mining, pellet capacity expansion
State-run steelmaker Steel Authority of India (Sail) will invest INR 4,000 crore ($547.78 million) into iron ore mining capacity expansion and installing a 4 million tonnes/year capacity pelletising plant in Jharkhand.
The steelmaker intends to expand the mining capacity in the course of the next three years, Kallanish notes. "We have expressed commitment to spend INR 4,000 crore in Jharkhand over the next three years," says Sail executive director Ajay …
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Very good overview of the weekly steel market.
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