State-owned SAIL plans to set up a shore-based steel plant with a capacity of three million tonnes per annum (mtpa) in Odisha with an estimated investment of Rs 15,000 crore.
The plant would be SAIL’s second in the state after its Rourkela unit, which has a hot metal capacity at 4.5 mtpa. "SAIL has written to the state government, evincing an interest of establishing three million steel plant in the coastal part of state. They have requested for about 3000 acres of land to put up the plant. The investment may be around Rs 15000 crore", said an Odisha government

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