Steel Authority of India mulls setting up plant in South Africa.

By bne IntelliNews February 22, 2011
Steel Authority of India (SAIL) plans to build a steel plant in South Africa as part of a USD 12bn expansion program, the Hindu Business Line reported. The company plans to set up four overseas units with a capacity of 3mn tons each, SAIL chairman, C.S. Verma, was quoted as saying. The plants are likely to be located in Mongolia, South Africa, Oman and Indonesia, where SAIL is in talks already, the newspaper said. State-run SAIL is the largest integrated iron and steel producer in India.

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