SAIL to Set Up Nine Steel Processing Units in Six Indian States, an Industrial Info News Alert

BANGALORE, INDIA, Sep 05 (MARKET WIRE) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- State-run
Steel Authority of India Limited (BOM:500113) (SAIL) (New Delhi) plans to
invest about $400 million to set up nine steel processing units (SPUs) in
six Indian states where it does not have a presence. While only the land
has been acquired for some units, other units are already under
construction. Each unit has been planned with a timeline of 24 months
from construction to production. The SPUs are intended to meet the market
demand for ready-made steel products. SAIL products such as billets, hot
rolled coils, and thermo-mechanically treated bars will be used by the
SPUs to manufacture a large variety of steel products for domestic use.

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