A three way joint venture between SAIL, RINL
and NOIL to produce ferro alloys is on the cards with earlier two separate
proposed Joint Ventures SAIL-MOIL and MOIL-RINL being virtually scrapped. The
total outlay shall be around Rs. 600 crores.
Meanwhile, a committee has been set up
comprising members from all the three state-run firms under the Steel Ministry
to work on the shareholding pattern, proposed capacity and likely investment
for the three-way venture.
The plant may come up at Nandini near Bhilai in Chattisgarh.
The plant may come up at Nandini near Bhilai in Chattisgarh.
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