New Delhi (PTI): State-run steel giant SAIL would invest about Rs 1,600 crore to build processing units in seven states to meet the growing demand of the metal in the country.
"Steel Authority of India Limited (SAIL) will build eight processing units in seven states at the cost of Rs 200 crore each," Steel Minister Ram Vilas Paswan told the Economic Editors' Conference here on Wednesday
The units would be set up in Bihar, Uttar Pradesh, Assam, Himachal Pradesh, Rajasthan, Madhya Pradesh and Jammu and Kashmir.
Paswan pointed out that by 2020, the sector would witness investments of Rs Rs 8,70,640 crore and the country is set to become the world's second largest producer of steel before 2015-16. (reuter)
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