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India: SAIL, Tata Steel promise fresh investments

ABSTRACT

Steel majors Steel Authority of India Ltd. (SAIL) and Tata Steel made a string of important investment proposals at the recent two-day business summit in New Delhi with Jharkhand Chief Minister Hemant Soren. The occasion was the launch of the Jharkhand Industrial and Investment Promotion Policy 2021, which has already garnered investments worth INR 10,000 crore for the state.
Gua mine expansion SAIL has committed to invest INR 4,000 crore in Jharkhand over the next three years to augment the capacity of its Gua iron ore mines. The investment will expand the capacity of the mine to 10 mn t/year from the existing 4 mn t. The PSU steelmaker is also

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