SAIL says keen to set up steel plant in Afghanistan

SAIL says keen to set up steel plant in Afghanistan

New Delhi: Steel Authority of India is keen to set up a steel plant in Afghanistan if the country provides infrastructure support and raw material sources, the Indian state-run firm said on Thursday.

SAIL said in a statement 15 Indian steel and mining companies, including itself, were among the 22 companies short-listed by the Afghanistan government for grant of mining licences at Hajigak deposits, located 130 kilometres west of Kabul, that carry an estimated 1.8 billion tonnes of high-quality magnetite.

SAIL said its chairman had discussed the proposal with the Afghan minister for mines and that the Afghanistan government had shown keen interest in the proposal.

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