SAIL, J.P. Associates to form venture for cement plant

摘要

Steel Authority of India Ltd (SAIL) has firmed up plans to form a joint venture with J.P. Associates to set up a two mil-lion-tonne per annum capacity cement plant in Bhilai. SAIL will hold 26 per cent in the proposed joint venture, which will produce cement using the slag generated in the blast furnace of Bhilai Steel Plant SAIL, to ensure raw material security in the long term, has also proposed to form a joint venture with Mangahese Ore India Ltd (MOIL) for setting up a ferro manganese and silico manganese manufacturing facility at Bhilai at an estimated investment of Rs 225 crore.