×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Rashtriya Ispat seeks partners to buy mines

Rashtriya Ispat seeks partners to buy mines
Comment E-mail Print Share
First Published: Wed, Dec 02 2009. 10 52 PM IST
Updated: Wed, Dec 02 2009. 10 52 PM IST
Mumbai: Rashtriya Ispat Nigam Ltd, an Indian steel maker in which the government plans to sell a stake, is seeking partners to buy iron ore and limestone mines in India and overseas as part of a plan to more than quadruple capacity.
The Visakhapatnam-based company has invited proposals from potential partners, according to an announcement on its website. The firm didn’t give a timeframe. Rashtriya Ispat, whose sales reached $2.1 billion in the year ended 31 March, plans to raise its annual production capacity to 16 million tonnes (mt) by 2020 from the current 3.6 mt, the website said.
Comment E-mail Print Share
First Published: Wed, Dec 02 2009. 10 52 PM IST