Steel Authority of India Limited (SAIL) is planning to get up a steel processing unit in Himachal Pradesh.

“There is sufficient power in Himachal Pradesh and SAIL will consider setting up a steel processing unit there,” Steel Minister Virbhadra Singh said while talking to reporters in Bhilai this evening.

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In the last tenure, the United Progressive Alliance (UPA) government had laid foundation stones for setting up about half-a-dozen steel processing units in different parts of the country.

The minister said SAIL was a very strong company and had a sound balance sheet. “As far as recession is concerned, the steel sector has not been hurt that bad,” Singh said.

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