SOURCE: Industrial Info Resources

Industrial Info Resources

November 11, 2010 05:30 ET

India's SAIL Seeks Global Bids for Beneficiation Plant at Gua Iron Ore Mines, an Industrial Info News Alert

KOLKATA, INDIA--(Marketwire - November 11, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- India's Steel Authority of India Limited (BSE: 500113) (SAIL) (New Delhi) is seeking bids from global companies to construct a 12.5 million-ton-per-year iron-ore beneficiation plant on a turnkey basis at its Gua mines in the state of Jharkhand. The plant is part of the company's plan to double the iron-ore production capacity of Gua to 10 million tons per year. The company is also close to finalizing a collaboration agreement within the next two months with POSCO (NYSE:PKX) (Pohang, South Korea) to construct a 12 million-ton Greenfield steel plant at Bokaro.

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