India may lower iron ore export duty as rupee plunges, CAD widens

摘要

Stating that negotiations between Afghanistan and SAIL-led consortium involving $10.8 billion project are over, the Islamic Republic said it does not have any objection to AIFSCO planning to develop it in phases. AIFSCO has public sector firms SAIL, RINL and NMDC holding a combined 56 per cent stake. The rest is held by private players such as JSW, JSPL and Monnet Ispat & Energy among others. "We have concluded negotiations. This is a huge project. During negotiation, SAIL has assured us that it will deliver their commitment, but that could be done in phases.