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SAIL backs out from Sindri investments worth Rs 35k cr

2014-08-09 22:30:08| Steel - Topix.net

Steel Authority of India will no longer invest in the revival of the Sindri unit of loss-making Fertilizer Corporation of India Ltd. The plan was to set up a new 1.15 million tonnes per annum fertiliser plant, a new steel mill of 5.6 mtpa capacity and a 1,000 MW power plant at Sindri with a combined investment of R35,000 crore.

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