Essar, Jindal vie for SAIL's 9,500 Rupees-crore ore fines

摘要

ESSAR Steel, Jindal South West and Bhushan Steel are in the race for acquiring 35 million tonne of accumulated iron ore fines worth a whopping 9,500 Rupees crore at Steel Authority of India Ltd's (SAIL's) Gua mines in Jhark-hand. The mountains of ore fines have an average iron content of 60 per cent. SAIL will soon float a global tender to set up a 2 million tonne pellet plant in the region. The company that wins the bid will set up the plant to produce 1.4 million tonne of pellets. SAIL intends to utilise these primarily at its Bhilai steel plant.