NEW DELHI (Commodity Online): An Indian consortium led by leading government-owned steel maker, SAIL, plans to construct infrastructure in Afghanistan for mining sites and also plans to setup 6 million ton per annum (mtpa) steel plant and 1,000 MW thermal power plant.
The SAIL- led consortium was awarded the rights to mine three iron ore mines in Hajigak in Afghanistan, may invest $11 billion on the entire project.
According to C S Verma, Steel Authority of India Chairman, the establishment of the steel plant would be depend on the availablity of other inputs like coking coal etc, reported PTI
The company has planned to conduct geological study of the mines over a three-year period at an investment of USD 75 million.
The consortium has already asked the Indian government to allocate funds for the venture in Afghanistan.
