SAIL, Japan’s Kobe in talks for steel plant

SAIL, Japan’s Kobe in talks for steel plant

Mumbai: State-run Steel Authority of India (SAIL) said on Monday it is conducting a joint feasibility study with Japan’s Kobe Steel for a steel plant and a 1,000 megawatt gas-based power plant Uttar Pradesh.

The steel plant at Jagdishpur in Uttar Pradesh will involve investment of about Rs10,000 crore ($2.2 billion), SAIL said, quoting steel minister Beni Prasad Verma.

SAIL said options were being examined by the two companies for development of the steel and power plants.

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