|
1. JOINT VENTURE BY SAIL
Unstarred Question 5570
29/4/2010
(a) whether the Steel Authority of India Ltd. (SAIL) has any plans to
enter into a joint venture with any other steel producer;
(b) if so, the details thereof;
(c) whether SAIL also plans to develop the Chiriya mines on a joint
venture basis; and
(d) if so, the details thereof alongwith the reasons therefor?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF STEEL (SHRI A. SAI PRATHAP)
(a)&(b): Steel Authority of India Ltd. (SAIL) is examining possibilities
of entering into joint venture initiatives with international steel
producers. A proposal from POSCO for possible establishment of a FINEX
technology based steel plant at Bokaro, Jharkhand or at any other
location and a Cold-rolled Non-oriented (CRNO) unit in Maharashtra is at
present under consideration with SAIL. A final decision on these would
depend upon the establishment of techno-commercial feasibility of the
projects and the benefits to SAIL.
(c)&(d): SAIL has decided to develop the Chiria Iron Ore Mine by
themselves to meet the requirement of iron ore for its steel plants.
|