SAIL to invest $12 bln in 4 overseas plants | business | Hindustan Times
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SAIL to invest $12 bln in 4 overseas plants

Steel Authority of India (SAIL) will invest $12 billion to set up steel plants in Indonesia, Oman, Mongolia and South Africa.

business Updated: Feb 21, 2011 12:49 IST

Steel Authority of India (SAIL) will invest $12 billion to set up steel plants in Indonesia, Oman, Mongolia and South Africa, C.S. Verma, chairman of the company told reporters on Monday.

The plants would produce three million tonnes (MT) of steel each, Verma added.