Bengal may get between Rs 20,000 and Rs 24,000 crore from SAIL's IISCO steel factory.
ndtvprofit.com
India
06-02-2024
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At its IISCO facility in West Bengal, Steel Authority of India Ltd. may invest Rs 20,000–24,000 crore to establish a four million-tonne greenfield steel factory, according to officials. They said that it has acquired in-principle approval and intends to develop high-end flat hot rolled coil (HRC), including for automotive applications, at its current location in Burnpur. ADVERTISEMENT "They said, 'We have approval in principle.
"We have received in-principle approval for the greenfield plant which will produce flat HR coils, targeting grades like API (American Petroleum Institute) and automotive among others," IISCO steel plant director-in-charge Brijendra Pratap Singh told PTI. "Board approval is still awaited, but expected shortly," he said.