Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam
Ltd (RINL) is likely to withdraw from the venture with
National Mineral Development Corporation (NMDC) for setting up a four million
tpa steel plant in Chhattisgarh.
SAIL, NMDC and RINL had signed an MoU on
17 August 2007, for the plant with equal participation. They had agreed the
steel plant will be set up on a suitable site selected on the basis of a
pre-feasibility report to be prepared by a consultant. SAIL had taken the lead
for preparing the feasibility report and had nominated Mecon for the purpose.
NMDC was supposed to take the lead for obtaining land, mining leases and
statutory clearances.
NMDC now alone will set up the proposed
steel plant and an action plan for the project will be submitted to the ministry
by April 2008.
Also See:
NMDC plans steel
plant in Chhattisgarh (09-Apr-07)